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On-Chain Analyst 余烬 Links 鱼池 Co-Founder’s Wallet to 18.5M USDC Swap

The wallet exchanged 6,200 wstETH, equivalent to 7,740.2 Ether, at an average of $2,390 per ETH equivalent before transferring the USDC to Binance.

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An unmarked token slides through a narrow steel slot / TokenPost.ai
An unmarked token slides through a narrow steel slot / TokenPost.ai

On-chain analyst 余烬 identified a wallet tied to 鱼池 co-founder 王纯 as having exchanged 6,200 wstETH for 18.5 million USDC while Ether rose from $2,315 to $2,440.

The 6,200 wstETH was equivalent to 7,740.2 Ether (ETH), and the swap averaged $2,390 per ETH equivalent. The wallet then transferred the USDC to Binance, a cryptocurrency exchange.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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