LD Capital's Trend Research sells $70.2M in ETH to repay loan

Trend Research, an entity under LD Capital, sold 30,000 ETH ($70.18 million) on Binance to repay a loan, according to a report from Onchain Lens. Over the past 18 hours, the firm deposited a total of 40,000 ETH ($94.53 million) to the exchange and withdrew 6,412 ETH. Trend Research began accumulating ETH last November when the price was at $3,400, continuously borrowing USDT to fund the purchases. Prior to this sale, its holdings exceeded 650,000 ETH as of Jan. 21.