Trend Research buys an additional $34.9M in ETH

Trend Research, a subsidiary of LD Capital, has purchased an additional 11,520 ETH, worth approximately $34.93 million, according to Lookonchain. The on-chain analytics firm noted that Trend Research has been continuously borrowing USDT to fund its ETH acquisitions and now holds a total of 600,000 ETH, valued at $1.83 billion. Trend Research began accumulating ETH last November when the price was at $3,400.