While many investors are struggling with losses in Ethereum, Trend Research is sticking to its long-term accumulation strategy despite sitting on an unrealized loss of roughly $141 million.
According to EmberCN, a wallet believed to belong to Trend Research (under LD Capital) recently added 46,379 $ETH (~$137 million) using leveraged borrowing via Aave.
📌 Key highlights:
Total borrowed: $887M USDT (nearly 2x leverage)
Total ETH holdings: ~580,000 ETH
Average entry price: ~$3,208 per ETH
Portfolio value: ~$1.72 billion
Trend Research began accumulating ETH back in November, when prices hovered around $3,400. With this scale, the firm has quietly become one of the largest Ethereum holders, despite staying off most rankings due to its private status.
🔥 Most notably, founder Jack Yi revealed that the firm has another $1 billion ready to deploy into ETH.
➡️ Smart money is willing to absorb short-term pain for long-term conviction.
