Well-known on-chain analysis firm Trend Research has recently made a big move again. According to on-chain data, the firm just borrowed 10 million USDT from the Aave protocol and then deposited it into a major exchange, continuously increasing its ETH position.



Data shows that the firm currently holds 626,778.65 ETH, with a total value of approximately $1.94 billion. From a cost perspective, the average entry price is around $3,105.5, and the current unrealized profit has reached $53.52 million. Judging by the rhythm of this operation, the institution has a clear expectation for the future of Ethereum, which is worth market participants paying attention to.
AAVE-2.17%
ETH-1.99%
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