On-chain analyst ai_9684xtpa has flagged a potential sell-off by Longling Capital, a Chinese investment firm. An address suspected to be linked to the firm deposited 3000 ETH to Binance, and is presumed to have sold it approximately 3 hours ago. Longling Capital's ETH Trading History According to reports, this address has a history of strategic ETH trading. Since May 2023, it has allegedly capitalized on market fluctuations, buying ETH during price dips and selling during rallies. These activities have reportedly generated a total profit of $33.67 million. Current ETH Holdings As of the latest report, the address still holds a substantial amount of 85,896 ETH, valued at approximately $260 million. The market is now watching to see if this recent sale signals a shift in Longling Capital's strategy or a larger market trend. The potential impact on Ethereum's price remains to be seen. ```

#ETH