PANews reported on December 24th that, according to Ember, Trend Research, a secondary investment firm under Jack Yi, purchased another 46,379 ETH today using leveragePANews reported on December 24th that, according to Ember, Trend Research, a secondary investment firm under Jack Yi, purchased another 46,379 ETH today using leverage
Trend Research purchased another 46,000 ETH, bringing its total holdings to over 580,000 ETH, with unrealized losses exceeding $140 million.
PANews reported on December 24th that, according to Ember, Trend Research, a secondary investment firm under Jack Yi, purchased another 46,379 ETH today using leverage, worth approximately $137 million. Since early November when ETH was around $3,400, the firm has accumulated approximately 580,000 ETH, with a total investment of approximately $1.72 billion. The estimated average holding price is $3,208, and the current unrealized loss is approximately $141 million. It borrowed a total of $887 million USDT from Aave, a leverage ratio close to 2x. This address is suspected to be the same whale that previously "shorted ETH for a profit of $24.48 million and then went long."
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