F2Pool Co-Founder Wang Chun Buys Big in Ethereum and WBTC

The founder of China's largest Bitcoin mining pool, F2Pool, made significant purchases in Ethereum and Wrapped Bitcoin today. According to data, an address allegedly linked to Wang Chun withdrew 7,650 $ETH and 124.18 WBTC from Binance within the last four hours. The total value of these assets is approximately $20.67 million.

The withdrawn funds were then deposited into the Spark protocol, a decentralized finance (DeFi) platform. This move suggests Wang Chun's interest in altcoins extends beyond Bitcoin and Ethereum, as he has previously expressed regret for selling his $SPK token too early. At that time, $SPK increased by 73%, but its price is now 53% lower than it was in April.