Analyst: If Yilihua fulfills the ‘buy another $10 billion’ pledge, Trend Research will become the second-largest ETH holding entity

2025-12-282025-12-25 by admin

ChainCatcher reports, according to on-chain analysts, on-chain data shows that Trend Research, an institution under Yilihua, has initiated a new round of Ethereum accumulation since early November, currently holding approximately 645,000 ETH (about $2.1 billion), making it the third-largest Ethereum holding entity after Bitmine and SharpLink.

Its average accumulation price is $3,299.43, with an unrealized loss of around $242 million currently. If the “buy another $1 billion” plan is implemented, Trend Research may jump to become the second-largest Ethereum holding entity. The main accumulation was concentrated in November, accounting for over 88%, utilizing at least 7 primary addresses. If Yilihua’s commitment to “buy another $1 billion” is acted upon, the holdings could approach 1 million ETH, surpassing SharpLink to become the second-largest Ethereum holding entity.

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .