The wallet related to Longling Capital sold 7,000 ETH during the price drop, generating approximately $31.82 million.
This wallet still holds 79,077 ETH, equivalent to about $352 million, reflecting Longling Capital's asset allocation strategy in a volatile market.
MAIN CONTENT
Longling Capital's wallet has sold 7,000 ETH during the market correction.
This transaction brought approximately $31.82 million to the wallet.
The wallet still holds a large amount of 79,077 ETH, equivalent to $352 million.
How much ETH has Longling Capital sold during the recent price drop?
The sale of a large amount of ETH during a price correction indicates Longling Capital's risk management strategy and flexible asset allocation to protect portfolio value.
What is the value of Longling Capital's ETH sale transaction?
The sale of 7,000 ETH is equivalent to approximately $31.82 million according to the report. This revenue reflects the price of ETH during a volatile market phase.
This figure helps the wallet maintain financial balance and prepare for future investment strategies in the complex cryptocurrency market.
How much ETH does Longling Capital still hold after the transaction?
Currently, Longling Capital still holds 79,077 ETH, valued at approximately $352 million according to the market exchange rate on August 15. This indicates that there is still a large amount of cryptocurrency assets in the wallet, ensuring high liquidity.
The amount of ETH reflects the organization's strength and financial potential to seize upcoming investment opportunities in the market.
Longling Capital's sale of part of its ETH during the market correction is a strategic move to balance risk and capital, contributing to maintaining long-term financial resilience.
Cryptocurrency investment analyst, 2023
Frequently Asked Questions
When did Longling Capital execute the ETH transaction?
The sale of 7,000 ETH was recorded in the report on August 15, right at the time when the cryptocurrency market was experiencing a significant correction.
What is the value of the remaining ETH in Longling Capital's wallet?
With 79,077 ETH currently held, the equivalent value is about $352 million according to the exchange rate updated on August 15.
What investment strategy might the sale of ETH reflect?
This is a risk management action, capital recovery, and liquidity maintenance amid the volatility of the cryptocurrency market.
What source is the ETH transaction information verified from?
All data is extracted from Lookonchain's On-chain report, updated on August 15.
What does holding a large amount of ETH in the wallet indicate?
This reflects the financial potential and long-term holding strategy of the organization in the cryptocurrency market.
Source: https://tintucbitcoin.com/eth-longling-capital-ban-7-000-eth-giam-gia/
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