Trend Research Bullish on ETH: Currently Holding 142,000 ETH, Unrealized Gain of $42.35 Million

BlockBeats News, May 28th. Trend Research, a subsidiary of LD Capital, announced on social media that a recent on-chain data analysis identified a whale/institutional address holding "142,000 ETH," belonging to Trend Research.

Trend Research stated that this institution started accumulating ETH in this round from $1400, releasing a research report at $1800 endorsing a bullish view across the entire network.

According to analyst @ai_9684xtpa's monitoring, Trend Research's address currently holds 142,137 ETH, valued at $374 million, with a cumulative profit of approximately $66.08 million, including $42.35 million in unrealized gains.

Since December 20, 2024, the institution has acquired 181,662 ETH at an average price of $2340 from Binance, OKEx, and on-chain, with a total value of up to $425 million. Of these, 32,498 ETH have been deposited into trading platforms or sold directly on-chain, presumably at a sell-off price of $3070.