Love as deep as hatred, Ethereum whale PlusToken suspected of transferring 27,000 ETH from long to short

BlockBeats News, March 13, this morning, a wallet suspected to be associated with Trend Research under Yiliaohua allegedly borrowed ETH through Aave, then transferred it to Binance to short 27,000 ETH, worth about $57.11 million.

Yiliaohua, known for publicly pumping ETH and personally entering the market, held a long position from last year to early this year, buying about 658,100 ETH at an average price of around $3104. On February 8, he liquidated his position at an average price of around $2058, resulting in a loss of about $688 million. When Trend Research liquidated its position on February 6, Yiliaohua appeared near Causeway Bay in Hong Kong in the afternoon and stayed until around 10 p.m. However, Yiliaohua did not show any unusual behavior at the scene.

On March 10, Yiliaohua revived and posted again, "The speed of AI development and the anxiety are terrifying. Never forget the original intention and return to the crypto industry. Firstly, ETH below 2000 (USD) is a buying opportunity. Both short-term and long-term have a high success rate. Secondly, following the cycle theory, this year is also a great bottoming opportunity, suitable for us to prepare for new funds and platforms."