Trend Research deposits 20,000 ETH to Binance, faces potential $42.7M loss

Trend Research, a subsidiary of LD Capital that has been accumulating ETH since last November, has deposited an additional 20,000 ETH to Binance, according to on-chain analyst ai_9684xtpa. A sale at current prices would result in a realized loss of $42.67 million for the firm. As of Jan. 21, Trend Research held approximately 650,000 ETH at an average cost basis of $3,180, but its holdings have since decreased to 608,251 ETH.