Wang Chun buys 5,246 ETH over two days for $10.78 million (approximately 14.4 billion won)

F2Pool co-founder Chun Wang bought 5,246 ETH for $10.78 million over the past two days at an average price of $2,054 per token, according to Lookonchain. The purchase follows his sale of 6,200 wstETH for $18.5 million about a week earlier, when ETH traded near $2,400. Because the sold asset was wrapped staked ETH and the bought asset was plain ETH, the two legs cannot be directly compared by token count to calculate a realized gain. The trades draw attention to how large mining-pool holders are repositioning between ETH and liquid staking derivatives. Traders will watch whether Wang converts the ETH back into yield-bearing wstETH or continues accumulating spot ETH.