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Huang Licheng converts 5 million USDT to ETH and deposits on Blur platform

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On February 23, according to the monitoring of Lookonchain, the address of Huang Licheng (beginning with 0x020c), the \”Big Brother\”, converted 5 million USDTs …

Huang Licheng converts 5 million USDT to ETH and deposits on Blur platform

On February 23, according to the monitoring of Lookonchain, the address of Huang Licheng (beginning with 0x020c), the “Big Brother”, converted 5 million USDTs into 3051 ETHs at an average price of US $1639 in the past 24 hours and deposited them on the Blur platform. In addition, he also converted about 250000 APEs into 835 ETHs and also deposited them on the Blur platform.

Data: Huang Licheng has deposited nearly 4000 ETHs into the Blur platform in the past 24 hours

Interpretation of the news:


According to Lookonchain’s monitoring data on February 23, Huang Licheng, also known as the “Big Brother”, converted 5 million USDT into 3051 ETHs and deposited them on the Blur platform. The conversion was done at an average price of US $1639 in the past 24 hours. Huang Licheng is a well-known figure in the cryptocurrency market, and his actions often attract attention from investors and traders.

The Blur platform is a decentralized exchange that allows users to trade cryptocurrencies without the need for intermediaries. By depositing the converted ETHs on the Blur platform, Huang Licheng could facilitate his trades on this exchange. It is unclear what his motives are for converting such a large amount of USDT into ETH and depositing it on the Blur platform. However, it could be an indication of his bullish sentiment towards ETH and his plans to hold onto this cryptocurrency for the long-term.

In addition to converting USDT to ETH, Huang Licheng also converted about 250000 APEs (a cryptocurrency) into 835 ETHs and deposited them on the Blur platform. This could suggest that he sees potential in APEs as a cryptocurrency and wants to invest in them. However, it is important to note that APEs are not as well-established as other cryptocurrencies and carry a higher risk.

Overall, Huang Licheng’s actions on February 23 indicate his involvement and interest in the cryptocurrency market. By converting USDT to ETH and depositing it on the Blur platform, he could be looking to make more trades and possibly maximize his profits. His conversion of APEs to ETH also highlights his willingness to explore newer cryptocurrencies and take risks.

In conclusion, Huang Licheng’s recent actions provide insights into his investment strategy and market sentiment towards certain cryptocurrencies. Although his motives remain unclear, his moves in the cryptocurrency market are closely monitored by traders and investors alike due to his influential position in the industry.

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