Trend Research and the $230 Million Ethereum Whale Trader have Turned Losses into Gains

BlockBeats News, January 5th, according to Ashes Monitor, as ETH broke through $3200, it has surpassed the cost price of two high-profile ETH long whales/institutions, Trend Research and the "$230M Long Whale." They have both turned their positions from unrealized losses to unrealized gains:

The "$230M Long Whale" went long 203,000 ETH ($647 million) through Hyperliquid, with an average cost of $3147. The overall position has changed from a maximum unrealized loss of $74 million to the current unrealized gain of $14 million.

Trend Research purchased 626,000 ETH ($2 billion) through Aave leveraging, with an average cost of around $3186. The overall position has changed from a maximum unrealized loss of $141 million to the current unrealized gain of $8.77 million.