TechFlow reports, according to lookonchain monitoring, that the Longling Capital wallet address transferred 20,000 ETH (worth $50.3 million) to the 0x3478 wallet after being inactive for nearly two years.
During the market crash on June 14 and June 15, 2022, Longling Capital was liquidated on-chain, with a total liquidation amount of 93,793 ETH (approximately $114 million).
The 0x3478 wallet appears to belong to Longling Capital. After yesterday's market crash, it bought 6,000 ETH (around $13.9 million) at the bottom and has already made around $76 million in profit on ETH.
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