BlockBeats reported on August 25 that, according to Ember monitoring, the address linked to F2Pool co-founder Wang Chun reduced its ETH holdings by 6,609 ETH about 10 hours ago. According to BlockBeats On-chain Detection, the address has cut its ETH position by a total of 23,378 ETH since the latest rally began.

The article said the cumulative reduction has taken place during the recent price increase.