According to BlockBeats, on August 6, Longling Capital's wallet address transferred 20,000 ETH (worth approximately $50.3 million) to the wallet '0x3478' after being inactive for nearly two years. This move follows a significant event in June 2022, when Longling Capital was liquidated on-chain during a market crash, resulting in the liquidation of 93,793 ETH (around $114 million). The wallet '0x3478' appears to be associated with Longling Capital. Following yesterday's market crash, this wallet purchased 6,000 ETH (approximately $13.9 million) at the market bottom and has since made a profit of about $76 million on ETH.