
Whale activity in early February accelerated with Trend Research depositing over $426 million in ETH to Binance for asset sales and loan repayments, indicating sustained high-value market movements.
On February 5, Onchain Lens reported Trend Research moved 25,000 ETH worth about $53.24 million to Binance in two transactions. This brings the firm’s total deposits to 188,588 ETH valued at $426.87 million, intended for sale and repaying loans. These transfers add to earlier whale activity between February 1–4, including 345,000 ETH worth $729 million moved to Binance, a dormant Bitcoin OG whale repaying loans with ETH and withdrawing stablecoins, and other high-value transactions to exchanges like Galaxy Digital.