According to Odaily Planet Daily, Lookonchain monitoring showed that a wallet of Longling Capital transferred 20,000 ETH (US$50.3 million) to the wallet "0x3478" after being dormant for nearly two years.

The wallet bought 6,000 ETH ($13.9 million) at the bottom after yesterday's market crash and made a profit of about $76 million on ETH.

It is reported that when the market collapsed on June 14 and June 15, 2022, Longling Capital was liquidated 93,793 ETH (US$114 million) on the chain.