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      F2Pool Co-Founder Wang Chun Reduces ETH Holdings to Manage Leverage

      Wang Chun, co-founder of F2Pool, has reportedly reduced his holdings of Ethereum (ETH) in an effort to lower leverage. Recent monitoring by on-chain analyst Yu Jin indicates that Chun's address transferred 12,765 ETH, valued at approximately 28.73 million USD, to the cryptocurrency exchange Binance over the past three days amid a rising market.

      Following the transfer, Chun withdrew 87.68 million USDC to repay a loan on the Spark platform. Despite this reduction, his address still retains around 65,000 ETH, worth about 159 million USD, along with 1,000 Wrapped Bitcoin (WBTC), valued at approximately 77.18 million USD. This move reflects a strategic decision to manage financial risk in a volatile market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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