currently holds 580,000 ETH worth $1.72 billion.
According to on-chain data as of 24/12, the investment fund Trend Research is implementing a high-risk accumulation strategy for ETH.
🔸 Today, this fund purchased another 46,379 ETH worth $137 million.
🔸 This purchase step has further increased the total amount of ETH held by the fund to a massive figure of 580,000 ETH, equivalent to $1.72 billion.
🔸 This amount of ETH has been accumulated since the beginning of November, with an average price of about $3,208. Current unrealized losses amount to $141 million.
🔸 But the most concerning thing is that these ETH were not purchased with 100% cash, but were borrowed. This fund collateralized assets to borrow 887 million USDT from the protocol $AAVE
What do you think about borrowing money and fully purchasing ETH by this fund? Could this be the right investment strategy?
The information in the article is for informational purposes only and is not investment advice. Please read carefully before making decisions.
