ChainCatcher message, according to on-chain analysts, on-chain data shows that Trend Research, an institution under Yili Hua, started a new round of Ethereum accumulation in early November and currently holds approximately 645,000 ETH (about 2.1 billion USD), becoming the third largest Ethereum holding entity after Bitmine and SharpLink.
Its average acquisition price is $3299.43, currently reflecting a floating loss of about 242 million USD. If the 'buy another 1 billion USD' plan is implemented, Trend Research may rise to become the second largest holder of ETH. The main accumulation is concentrated in November, accounting for over 88%, utilizing at least 7 major addresses. If Yili Hua's commitment to 'buy another 1 billion USD' is put into action, the holdings may approach 1 million, surpassing SharpLink to become the second largest holder of ETH.