ChainCatcher reports that according to on-chain analysts, on-chain data shows that Trend Research, an institution under Yilihua, has started a new round of Ethereum accumulation since early November, currently holding approximately 645,000 ETH (around $2.1 billion), making it the third-largest Ethereum holding entity after Bitmine and SharpLink.
Its average accumulation price is $3,299.43, with a current unrealized loss of about $242 million. If the “buy another $1 billion” plan is implemented, Trend Research could potentially rise to become the second-largest ETH holding entity. The main accumulation occurred in November, accounting for over 88%, utilizing at least 7 primary addresses. If Yilihua’s commitment to “buy another $1 billion” is put into action, the holdings could approach 1 million ETH, surpassing SharpLink to become the second-largest ETH holding entity.
