Longling Capital, a cryptocurrency fund linked to China's Meitu, made a significant purchase of 5,000 ETH of Ethereum, according to onchain data. The cryptocurrency wallet associated with Longling Capital currently holds 68,064 ETH and $44 million worth of USDT borrowed through Aave. The report also highlights a major liquidation suffered by Longling Capital in 2022, totaling 93,793 ETH. Meitu is an AI-focused company based in China, known for its photo editing app.



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