According to Foresight News, a wallet associated with Longling Capital has recently purchased 5000 ETH, valued at approximately $12.34 million. This transaction occurred 20 minutes ago. The wallet now holds a total of 68064 ETH, worth around $168 million, and has borrowed 44 million USDT from Aave. Previously, during the market crash in 2022, Longling Capital was liquidated for 93793 ETH, which was valued at about $114 million at that time.

Earlier reports from Foresight News indicated that in August of this year, the Longling Capital wallet transferred 20000 ETH to an address starting with 0x347 after being dormant for nearly two years.