F2Pool Founder Transfers Significant ETH to Binance Wang Chun, the founder of prominent mining pool F2Pool, has reportedly moved 3000 ETH, valued at approximately $9.6 million, to the Binance exchange, according to data from Nansen. This transaction, occurring within a short 20-minute timeframe, has sparked speculation about a potential sell-off. Why This Matters for the Ethereum Market Deposits to centralized exchanges are often seen as a precursor to selling assets. While Wang Chun still holds 1500 ETH (around $4.8 million), the large deposit raises questions about his short-term outlook on Ethereum's price. Large transactions can influence market sentiment and potentially impact ETH's value. Traders and investors are closely watching for any further movements from this address and the broader implications for the crypto market. ```