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Analyst: If Yili Hu fulfills the "buy another $1 billion" commitment, Trend Research will become the second-largest ETH holding entity.
Mars Finance reports that, 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, it holds approximately 645,000 ETH (about $2.1 billion), making it the third-largest ETH holder after Bitmine and SharpLink. The average acquisition price is $3,299.43, with an unrealized loss of about $242 million. If the plan to “buy an additional $1 billion” is implemented, Trend Research could leap to become the second-largest ETH holder. The main accumulation occurred in November, accounting for over 88%, involving at least 7 major addresses. If Yilihua’s promise to “buy an additional $1 billion” is fulfilled, the holdings could approach 1 million ETH, surpassing SharpLink to become the second-largest ETH holder.