An address linked to Chun Wang, co-founder of @F2Pool, has pulled 15,740 $ETH, worth approximately $26.4 million, off Binance in a single transaction, adding to what on-chain data shows is a
An address linked to Chun Wang, co-founder of @F2Pool, has pulled 15,740 $ETH, worth approximately $26.4 million, off Binance in a single transaction, adding to what on-chain data shows is a sustained accumulation campaign running since March 2026.
Wang is among the most closely watched wallets in the Ethereum ecosystem. According to Arkham Intelligence, his linked addresses had already withdrawn $67.5 million worth of $ETH from Binance across a two-week window earlier in March, while also depositing around $240 million in stablecoins into the exchange over the preceding six weeks, a pattern analysts read as systematic dip-buying.
The direction of the funds is as significant as the size. Rather than moving $ETH into cold storage, Wang has been routing withdrawals into decentralized yield-bearing protocols. Earlier transactions in the accumulation cycle saw ETH deposited into Aave and Spark, two established DeFi lending platforms. This approach lets Wang put assets to work, earning yield while maintaining the option to use holdings as collateral, rather than simply holding tokens off-market.
Wang's background adds context to the strategy. His journey in the blockchain space began in 2013 as co-founder of @F2Pool, a leading proof-of-work mining pool. In 2018, he also launched Stakefish, a proof-of-stake staking pool that today manages over $3 billion in staked assets. His familiarity with both mining infrastructure and staking economics positions him as one of the more technically grounded large ETH holders in the market.
The accumulation has unfolded against a difficult backdrop for $ETH. On-chain data tracked through Arkham Intelligence shows Wang pulling significant volumes off Binance at moments when Ethereum has been hovering near critical support levels, a period when many market participants have been reducing exposure rather than adding to it. Large exchange withdrawals by known participants are generally read as a signal of long-term conviction, since moving assets off an exchange removes them from the frictionless environment where quick selling is easiest.
The latest 15,740 $ETH withdrawal extends that pattern and keeps Wang among the most active large-scale accumulators of Ethereum heading into mid-2026.
Sources:The Coin Republic: Ethereum Whale Accumulation Spotted On-ChainThe Merkle: F2Pool Co-Founder Chun Wang Withdraws $29M in ETH From BinanceStakefish: About Chun Wang and Stakefish
