Longling Capital's 10,000 ETH sent to Binance appears sold as linked address withdraws 21.94 million USDT

Longling Capital's earlier transfer of 10,000 ETH to Binance appears to have been sold, while a related address withdrew 21.94 million USDT from the exchange, according to on-chain analyst EmberCN. The linked address now has 95,845 ETH posted as collateral on Aave, valued at about $149 million, and has borrowed 91.33 million USDT against that position. EmberCN said the setup carries an ETH liquidation price near $1,148, indicating the level at which the collateral could face forced unwinding if Ether were to fall sharply.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.