Browsing: Trend Research

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Trend Research is making waves in the cryptocurrency sphere, recently withdrawing 30 million USDT from Binance for loan repayment.This bold move comes amidst a backdrop of shifting market dynamics, particularly as the institution faces an unrealized loss of 215 million USD on its substantial ETH holdings.

Key Point
Details

Lending Source
Aave

Borrowed Amount
10 million USDT

Deposit Exchange
Binance

ETH Holdings
626,778.65 ETH

Total Value
1.94 billion USD

Average Cost per ETH
3,105.5 USD

Unrealized Profit
53.52 million USD

Summary
Trend Research is actively engaging in significant financial maneuvers in the cryptocurrency market.By borrowing 10 million USDT and investing it into Binance, they are strategically positioning themselves with substantial ETH holdings that exhibit a remarkable unrealized profit.

Ethereum holdings have become a focal point for crypto investors, especially as recent analyses reveal significant accumulation patterns.Trend Research has notably increased its stack, now holding 6,748 ETH, which is currently valued at 19.77 million USD.