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On-Chain Analyst Clarifies Trend Research’s Ethereum Holdings to 612,609 ETH

New on-chain data shows Trend Research’s holdings now total over 612,000 ETH valued at $1.79B, despite an unrealized loss exceeding $100 million.

ETH

Summary

Trend Research has added 5,011 ETH worth $14.68 million to its portfolio, bringing total on-chain holdings to 612,609 ETH valued at $1.79 billion. The average acquisition cost is roughly $3,109.58 per ETH, resulting in an unrealized loss of $107 million. This update reflects a substantial increase from its late December position of 580,000 ETH, previously corrected by analysts from misreported figures.

Terms & Concepts
  • On-chain analyst: An individual who examines blockchain transaction data directly from the public ledger to verify holdings or activities.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
  • Wallet address: A unique identifier on a blockchain representing where cryptocurrencies are stored and transacted.