F2Pool co-founder Wang Chun bets $19.31 million on Ethereum! 🐋
While the market was digesting BTC’s drop to $80.5k and $1.1 billion in liquidations, Wang Chun’s wallet swapped 235.5 WBTC for 7,848.5 ETH at an exchange rate of 0.03.
This is a continuation of the major play he started in June, when he was buying ETH at $1,690. That June purchase is now up +47%, and the whale has decided to convert another quarter of his bitcoins into ether.
The ETH/BTC chart bounced off a low of 0.0248 and climbed to 0.0302, but Wang Chun’s target is clearly higher—as least a return to January’s 0.0335.
Is smart money burying ETH or taking advantage of the discount? 👇
#Ethereum #bitcoin #WangChun #F2Pool #CryptoWhale