F2Pool Co-Founder Swaps $19.31 Million in WBTC for Ether Following Market Drop

An on-chain address linked to F2Pool co-founder Wang Chun swapped 235.5 Wrapped Bitcoin, valued at about $19.31 million, for 7,848.5 Ether. The rebalancing shifted nearly one-quarter of the wallet's WBTC holdings into Ether at an ETH/BTC exchange rate near 0.03, while Ether traded near $2,460. The move followed an overnight market decline where Bitcoin fell to $80.5K, market liquidations topped $1.1 billion, and ETH liquidations exceeded $350 million. The trade extends an accumulation trend that began in June 2026, when the wallet acquired 11,448.4 ETH at roughly $1,690.