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Trend Research Pulls Additional 13,462 ETH from Binance Exchange

Trend Research Pulls Additional 13,462 ETH from Binance Exchange

Trend Research’s latest withdrawal boosts daily net additions to over 46,000 ETH, with on-chain holdings exceeding $1.83 billion despite significant unrealized losses.

ETH

Summary

Trend Research withdrew 13,462 ETH from Binance, increasing its daily net addition to 46,036.72 ETH. This brought total on-chain Ethereum holdings to 626,071 ETH valued at more than $1.83 billion, with an average acquisition cost of $3,105.5 per ETH. The company currently faces an unrealized loss of approximately $110 million.

Terms & Concepts
  • ETH (Ethereum): A blockchain-based cryptocurrency used for transactions and to run smart contracts (self-executing blockchain code).
  • Unrealized loss: A decrease in the value of an asset that has not yet been sold, meaning the loss is only on paper.
  • Binance: A major global cryptocurrency exchange offering trading services for a wide range of digital assets.