Introduction
Wang Chun is one of the well-known figures in the Bitcoin and cryptocurrency world and is one of the co-founders of one of the world's largest Bitcoin mining pools, F2Pool. He has deep experience in cryptocurrency mining and technology and possesses keen insights into market trends.
Wang Chun's reputation mainly comes from Bitcoin and Ethereum mining pools, but his operations with Ethereum (ETH) also attract widespread attention. The wallets he holds or is involved with frequently conduct large transfers of ETH, and these actions are often closely associated with market price fluctuations. His large-scale transfer activities are considered signals of market turning points, raising the question of whether he possesses special market sensitivity or the ability to influence the market.
Wang Chun's operations with Ethereum (ETH) attract attention not only due to their large scale but also because of their precise timing. His multiple past transfers have triggered rapid price fluctuations in the market. This phenomenon has subtly influenced market prices and investors' trading strategies. Let's review his transfer history to discover that major players behind the market often possess an influence that is difficult for ordinary investors to reach.
Wang Chun
Wang Chun is one of the co-founders of F2Pool, one of the most well-known cryptocurrency mining platforms globally. In addition, Wang Chun also founded stakefish.
F2Pool was established in 2013 and is one of the earliest mining pools to support multi-currency mining, including major cryptocurrencies like Bitcoin and Ethereum. Wang Chun's primary role is to oversee technical operations and strategic direction, helping F2Pool become an industry leader and making significant contributions to promoting mining decentralization and the development of the blockchain industry.
Stakefish is a major provider of staking services focused on blockchain, currently supporting over 20 protocols and has helped institutions and individuals participate in the PoS (Proof of Stake) mechanism, staking over $3 billion in assets.
Wang Chun's current ETH holdings
According to data provided by Debank, the address starting with 0x61C (Wang Chun) has staked 5,120 ETH on the StakeFish platform and 1,281 ETH on the Eth2 platform (Ethereum staking launch version).
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The impact and history of transferring ETH
Transfer records are only from 2023/08/13 to 2024/11/24 (higher success rate)
The above chart shows Wang Chun's ETH transfer records from 2023/08/13 to 2023/11/06
August 2023
2023/08/14 Wang Chun withdrew 1,035 ETH from Binance (invalid)
2023/08/17 Wang Chun withdrew 3,242 ETH from Binance (up 9.81%)
2023/08/24 Wang Chun withdrew 1,583 ETH from Binance (invalid)
2023/08/31 Wang Chun transferred 1,355 ETH to Binance (down 3.32%)
October 2023
2023/10/18 Wang Chun withdrew 1,796 ETH from Binance (invalid)
2023/10/23 Wang Chun withdrew 1,070 ETH from Binance (up 16.76%)
2023/10/26 Wang Chun withdrew 1,929 ETH from Binance (up 8.63%)
The above chart shows Wang Chun's ETH transfer records from 2024/01/06 to 2024/01/30
January 2024
2024/01/05 and 09 Wang Chun withdrew 1,393 and 1,010 ETH from Binance (invalid)
2024/01/11 Wang Chun transferred 1,800 ETH to Binance (down 19.38%)
2024/01/23 and 26 Wang Chun withdrew 1,260 and 1,857 ETH from Binance (up 6.37%)
2024/01/29 Wang Chun withdrew a total of 1,866 and 2,795 ETH from Binance (up 7.08%)
The above chart shows Wang Chun's ETH transfer records from 2024/02/12 to 2024/03/13
February 2024
2024/02/12 Wang Chun withdrew 1,598 ETH from Binance (up 22.70%)
March 2024
2024/03/04 Wang Chun withdrew 1,155 ETH from Binance (up 10.49%)
2024/03/08 Wang Chun transferred 1,715 ETH to Binance (down 5.87%)
2024/03/13 Wang Chun withdrew 1,830 ETH from Binance (invalid)
The above chart shows Wang Chun's ETH transfer records from 2024/03/17 to 2024/04/08
March 2024
2024/03/16 and 17 Wang Chun withdrew 2,259 and 1,200 ETH from Binance (up 7.82%)
2024/03/20 Wang Chun withdrew 1,960 and 1,956 ETH from Binance (up 13.77%)
2024/03/29 Wang Chun withdrew 1,587 ETH from Binance (invalid)
April 2024
2024/04/02 and 05 Wang Chun withdrew 1,214 and 4,207 ETH from Binance (up 16.38%)
The above chart shows Wang Chun's ETH transfer records from 2024/04/24 to 2024/05/08
April 2024
2024/04/23 Wang Chun withdrew 4,479 ETH from Binance (up 2.51%)
2024/04/27 Wang Chun transferred 1,440 ETH to Binance (down 14.25%)
May 2024
2024/05/03 Wang Chun withdrew 2,220 ETH from Binance (up 5.83%)
2024/05/04 Wang Chun transferred 3,055 ETH to Binance (invalid)
2024/05/07 Wang Chun withdrew 3,200 ETH from Binance (invalid)
The above chart shows Wang Chun's ETH transfer records from 2024/05/27 to 2024/06/19
May 2024
2024/05/27 Wang Chun transferred 1,009 ETH to Binance (down 6.37%)
June 2024
2024/06/07 Wang Chun withdrew 2,529 ETH from Binance (invalid)
2024/06/13 Wang Chun transferred 1,857 ETH to Binance (down 5.02%)
2024/06/18 Wang Chun withdrew 1,867 ETH from Binance (up 7.57%)
The above chart shows Wang Chun's ETH transfer records on 2024/07/04
July 2024
2024/07/03 Wang Chun transferred 1,992 ETH to Binance (down 16.70%)
The above chart shows Wang Chun's ETH transfer records from 2024/08/30 to 2024/09/28
August 2024
2024/08/30 Wang Chun withdrew 2,586 ETH from Binance (up 5.33%)
September 2024
2024/09/06 Wang Chun withdrew 5,088 ETH from Binance (invalid)
2024/09/07 Wang Chun withdrew 3,200 ETH from Binance (up 11.66%)
2024/09/13 Wang Chun withdrew 1,249 ETH from Binance (invalid)
2024/09/16 Wang Chun withdrew 1,780 ETH from Binance (up 17.40%)
2024/09/23 Wang Chun transferred 2,392 ETH to Binance (down 4.88%)
2024/09/27 Wang Chun withdrew 1,541 ETH from Binance (up 3.27%)
The above chart shows Wang Chun's ETH transfer records from 2024/10/25 to 2024/11/24
October 2024
2024/10/25 Wang Chun withdrew 2,575 ETH from Binance (invalid)
November 2024
2024/11/05 Wang Chun withdrew 5,480 and 1,640 ETH from Binance (up 43.36%)
2024/11/15, Wang Chun withdrew 4,685, 4,363, and 3,152 ETH from Binance (up 13.65%)
2024/11/22 Wang Chun transferred 1,240 ETH to Binance (down 4.91%)
Summary
From 2023/08/13 to 2024/11/22, Wang Chun transferred a total of 49 transactions of ETH
Among the 49 transactions, there are 39 withdrawals of ETH, 27 of which were increases and 12 were invalid (success rate 69.23%). The other 10 transactions were transfers of ETH to Binance, with 9 resulting in price drops and 1 being invalid (success rate 90%).
Therefore, Wang Chun's transfer of ETH to Binance has a higher success rate than withdrawing ETH.
Wang Chun's transfers of ETH to Binance can serve as sell indicators
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