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F2Pool co-founder Wang Chun buys back 10,992 ETH at $1,989 average

F2Pool co-founder Wang Chun repurchased 10,992 ETH at an average price of $1,989 over the past two days, worth $21.87 million, on-chain analyst Yu Jin monitored. The buyback follows his sale of 7,740.2 ETH at $2,390 eight days earlier, a transaction valued at $18.5 million.

Original source

AI take

The round-trip is the story: Wang sold higher and bought back lower, netting roughly 3,250 more ETH for about the same capital, a trade that reads as conviction rather than capitulation. As a mining-pool founder, his wallet is a visible proxy for how large, operationally embedded holders are positioning around current price levels. Whether other long-standing holders treat dips as accumulation windows — and whether Wang's added exposure is held or rotated again — is the open question worth tracking on-chain.

Generated by AI for reference only.

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