TrendResearch sells most of its ETH, realizing estimated $747M loss

TrendResearch, an entity that has been accumulating Ethereum (ETH) since last November, sold off most of its holdings seven hours ago, Lookonchain reported. The address had withdrawn a cumulative 792,532 ETH, worth $2.59 billion, from Binance at an average price of $3,267. It has since deposited a total of 772,865 ETH, valued at $1.8 billion, back to the exchange. If the entire deposited amount was sold, the transaction would represent an estimated loss of $747 million.