Funding
Bitcoin Mining Legend Chun Wang Buys Back ETH After Sale
F2Pool co-founder Chun Wang, known as Satofishi, has purchased 5,246 ETH worth $10.78 million at an average price of $2,054, after selling 6,200 wrapped staked ETH (wstETH) for $18.5 million in USDC on November 5. Wang started buying back ETH this week when ether's price was about 14% lower than on the day of the sale. He deposited the wstETH into Spark, a lending protocol in the Sky ecosystem, which can be used as collateral and continue to earn staking rewards.