According to ChainCatcher, according to Lookonchain monitoring, a wallet associated with Longling Capital purchased another 5,000 ETH (about $12.34 million) 20 minutes ago.
The wallet currently holds 68,064 ETH (about $168 million) and borrowed 44 million USDT from Aave.
It is reported that when the market collapsed in 2022, Longling Capital was liquidated for 93,793 ETH (about $114 million).