Longling Capital Moves 20,000 ETH After Two Years of Dormancy!

Approximately 14 hours ago, a wallet associated with #LonglingCapital transferred 20,000 ETH ($50.3M) to wallet "0x3478" after nearly two years of inactivity.

Background:

Liquidation Event: Longling Capital was liquidated on-chain for 93,793 ETH ($114M) during the market crash on June 14 and June 15, 2022.

Recent Activity: Wallet "0x3478," seemingly belonging to Longling Capital, bought 6,000 ETH ($13.9M) at the bottom after the market crash yesterday, making approximately $76M on ETH.

Addresses:

Transfer Address: 0xD49a1525b46F9149fF665807C925Bd83B5A6d7E3

Receiving Address: 0x3478

This activity indicates a strategic move by Longling Capital, potentially positioning itself for further gains or stabilization in the market.