
Arkham data shows Trend Research expanded its Ethereum holdings to over 644,000 ETH valued at $2B, following a fresh $55.58M purchase including multimillion-dollar Binance withdrawals.
Arkham reports that Trend Research, led by Yi Lihua, has increased its Ethereum holdings to 644,600 ETH worth approximately $2 billion, up from 626,778.65 ETH. The latest acquisition includes 17,899 ETH purchased today for $55.58 million, with 7,960 ETH worth $24.74 million withdrawn from Binance. The firm’s average acquisition cost now stands at $3,182 per token. This follows its Jan. 20 borrowing of 10 million USDT from Aave to Binance, likely aimed at expanding its Ethereum position.