China’s Longling Capital sells additional 5K ETH

Chinese investment firm Longling Capital sold another 5,000 ETH worth $21.56 million today to take profits, according to Lookonchain on X. Over the past two years, the firm withdrew 123,405 ETH ($290 million) from Binance at an average price of $2,349. It later deposited 70,800 ETH ($248 million) back at an average of $3,502, securing an estimated $184 million profit.