Trend Research Moves $104 Million in Ethereum to Binance After Price Rebound
Trend Research, led by Yili Hua, strategically liquidates its Ethereum holdings, transferring 145,000 ETH to Binance and signaling a shift in its trading approach.
ETH
Fact Check
Multiple independent news sources, citing on-chain data from analyst @EmberCN, consistently report that Trend Research transferred 24,051 ETH, valued at approximately $104 million, to the Binance exchange. The evidence strongly corroborates the specific amounts and entities involved, and links the transfer to a recent rise in Ethereum's price, validating the 'after price rebound' clause.
Summary
Trend Research, led by Yili Hua, has deposited 145,000 ETH valued at $654 million into centralized exchanges in the past three days, leaving just 7,163 ETH in its wallet. The firm made $303 million in profit from trading ETH between April and October 2025, with the most recent sale of 145,000 ETH at an average price of $4,489 on Binance.
Terms & Concepts
- ETH (Ethereum): The native cryptocurrency of the Ethereum network, used for transactions, smart contracts, and decentralized applications.
- Binance: A major global cryptocurrency exchange that supports trading of a wide range of digital assets, including Ethereum.