The real question is ? Chun Wang taking profits... or cutting losses?
Over the past 2 days, Chun Wang has deposited 16,842 $ETH (worth $26.9M) and 60 $WBTC (worth $3.6M) to Binance.
Earlier this year, he accumulated:
86,998 ETH for $152M at an average price of $1,749 973 WBTC for $60.7M at an average price of $62,418
If these deposits are meant for selling, both positions would be in the red based on his average entry prices. Whether he's reducing exposure or simply moving funds, it's definitely a wallet worth watching.
Address: 0xF42BcFD3dd5fcdd984d24FD2787383195C7f2b51
Over the past 2 days, Chun Wang has deposited 16,842 $ETH (worth $26.9M) and 60 $WBTC (worth $3.6M) to Binance.
Earlier this year, he accumulated:
86,998 ETH for $152M at an average price of $1,749 973 WBTC for $60.7M at an average price of $62,418
If these deposits are meant for selling, both positions would be in the red based on his average entry prices. Whether he's reducing exposure or simply moving funds, it's definitely a wallet worth watching.
Address: 0xF42BcFD3dd5fcdd984d24FD2787383195C7f2b51