LonglingCapital Wallet Sells Major Ethereum Holdings Amidst Market Dip

Despite a significant downturn in the cryptocurrency market, the wallet linked to LonglingCapital has sold approximately 7,000 ETH, generating $31.82 million in proceeds. The move follows the sale of a considerable portion of their holdings, resulting in a net decrease of assets to approximately $352 million from 79,077 ETH. While this transaction reflects a strategic shift in investment strategy, LonglingCapital maintains significant cryptocurrency reserves.