🔥Trend Research's total losses on Ethereum have reached $554 million.
On-chain data just revealed a brutal reality.
Trend Research’s total losses on Ethereum have hit ~$554M.
Here’s what happened:
• Yesterday, they deposited 73,589 ETH to Binance
• Avg price: $2,299.96
• Estimated realized loss: $59.19M (likely sold)
But that’s not even the worst part.
Their remaining 598,342.35 ETH is sitting at an unrealized loss of ~$495M.
THIS TRANSLATES TO
Even sophisticated, well-known players get caught on the wrong side of the market.
ETH
2,352.45
+1.98%
ETHUSDT
Perp.
2,351.44
+2.04%