Chun Wang Returns to Ethereum With a Discounted 5,246-ETH Purchase
F2Pool co-founder Chun Wang reportedly spent $10.78 million to repurchase 5,246 ETH and stake most of it through Lido.
F2Pool co-founder Chun Wang reportedly spent $10.78 million to repurchase 5,246 ETH and stake most of it through Lido. Bitcoin (BTC) is trading at ₹67,64,917 ($72,081.00), down 0.5% since this brief published. This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Thu, 12 Nov 2026 14:45:01 UTC.
The purchase connects an ETH sale with renewed exposure to Ethereum staking. Its emphasis on Lido also highlights the protocol’s role as a major destination for institutional and large-holder staking activity.
- Wang reportedly repurchased 5,246 ETH for $10.78 million
- Most of the ETH was reportedly staked through Lido
- ETH trades at $2,009.92, down 16% over seven days
- Lido TVL stands at $19.92 billion
- Ethereum Whale Makes $63M Purchase Amid Market Uncertainty
- Ethereum whale activity returns as ETH trades near reported support
- Chun Wang Returns to Ethereum With a Discounted 5,246-ETH Purchase — this brief
U.Today reports that F2Pool co-founder Chun Wang used $10.78 million to buy back 5,246 ETH roughly one week after selling ETH at $2,400. The transaction was described as a 14% discount, implying an average purchase price of about $2,055 per ETH.
Wang reportedly staked most of the repurchased tokens with Lido, shifting the assets from spot holdings into 
Ethereum’s proof-of-stake ecosystem. The report provides no independent transaction confirmation or additional detail about how much was staked.
No other outlet supplied corroborating coverage of Wang’s trade. A separate live check from DeFiLlama places Lido’s total value locked at $19.92 billion, down 15.4% over seven days, showing that the protocol remains a substantial staking venue amid a broad contraction in deposited assets.
Market conditions were weak: ETH stood at $2,009.92, down 2.37% over 24 hours and 16.00% over seven days. 
Bitcoin was $72,436, down 1.89% over 24 hours and 9.05% over seven days, while total crypto market capitalization was $2.47 trillion and the Fear & Greed Index registered 28, or Fear. The reported purchase therefore came during pronounced market weakness, with attention focused on the size of the allocation and its staking destination.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹67,98,234.79$72,436.00 to ₹67,64,917.47$72,081.00 — -0.49%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹7.18M (about $72,081.00), down 2.1% over 24 hours. The rupee itself trades about 6.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Chun Wang Returns to Ethereum With a Discounted 5,246-ETH Pu — questions & answers
How much did Chun Wang spend on ETH?
U.Today reports that he spent $10.78 million to repurchase 5,246 ETH, averaging about $2,055 per token.
What did Wang do with the repurchased ETH?
Most of it was reportedly staked through Lido, placing the assets into Ethereum’s proof-of-stake system.
How is the Ethereum market performing?
ETH was trading at $2,009.92, down 2.37% over 24 hours and 16.00% over seven days.
How much is 1 Bitcoin worth in rupee today?
About ₹7.18M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $72,081.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.49% since this brief first published — trading at ₹67,64,917 ($72,081.00) now versus ₹67,98,235 ($72,436.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.