Yihuan's Trend Research Increases Holdings by 46,379 ETH, Worth $137 Million

BlockBeats News, December 24th, according to on-chain analyst Yu Jin's monitoring, Trend Research, a subsidiary of Eligma, continued to increase its holdings today by leveraging borrowing to acquire an additional 46,379 ETH worth approximately $137 million.

Trend Research started accumulating ETH from early November when the price was $3400. As of now, they have purchased a total of about 580,000 ETH, with a total value of around $1.72 billion. The average cost is about $3,208, and the current position is estimated to have an unrealized loss of approximately $141 million.

Trend Research has used leverage to purchase ETH, borrowing a total of $887 million USDT from Aave, with a leverage ratio of about 2x.