Following market fluctuations, Longling Capital purchased 6,000 ETH priced around 3,660 USD. This investment firm has acquired a total of 75,400 ETH since May 2023, demonstrating its skill in seizing opportunities during declines.
The investment strategy, focused on acquiring at low prices and selling at highs, has led to a substantial profit of 83 million USD. Despite market volatility due to Federal Reserve statements, Longling remains optimistic about Ethereum’s long-term potential.