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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/49721
Published: 2026-11-06T02:00:52.000Z
Updated: 2026-11-06T02:00:52.000Z
Section: Investing

> 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.

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.