Wu said that according to Lookonchain monitoring, the Longling Capital wallet address transferred 20,000 ETH (US$50.3 million) to the wallet 0x3478 after being idle for nearly two years. Longling Capital was liquidated on the chain when the market crashed on June 14 and June 15, 2022, with a liquidation amount of 93,793 ETH (about US$114 million). Wallet 0x3478 seems to belong to Longling Capital, which bought 6,000 ETH (about US$13.9 million) at the bottom after the market crashed yesterday, and has made about US$76 million on ETH.