Meitu Chairman Cai Wensheng’s Longling Capital Withdraws 5,000 ETH (~$21.6M) From Binance After $21M USDT Transfer

COINOTAG News on September 8 cited on-chain analyst Yu Jin, reporting that after an inbound transfer of 21 million USDT to Binance, the wallet tied to Meitu chairman Cai Wensheng‘s Longling Capital executed a withdrawal of 5,000 ETH (approximately $21.57 million) from the exchange approximately ten minutes later. The on-chain flow indicates a rapid liquidity movement between stablecoin and ether positions, as recorded by public ledger data; COINOTAG presents this transaction as a verified chain-level transfer without drawing conclusions on strategic intent or market impact.

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