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Trend Research Deposits 17,289 ETH to CEX, Valued at Nearly $53 Million

By: theblockbeats.news|2025/07/16 00:22:11

BlockBeats News, July 16th, according to @EmberCN monitoring, as the ETH price surged above $3,100, LD Capital's secondary investment institution Trend Research began to take profit and sell part of the ETH to deleverage:

They transferred 17,289 ETH (approximately $52.84 million) to Binance 4 hours ago, then withdrew 19.11 million USDT to repay the loan taken to purchase ETH.

"The ETH purchased by Trend Research was leveraged 2 times: they borrowed around $270 million on Aave to buy ETH. Their ETH's average cost is around $2,250, and now with ETH's price at $3,127, their 182,000 ETH's unrealized profit has reached as high as $160 million. They started to deleverage and take profit to secure gains."

SharpLink Gaming purchased another 5,188 ETH, bringing the total purchase to 300,000 ETH, with a floating profit of over $130 million

ETH/BTC surged to touch 0.0267, marking a more than 6% increase in the last 24 hours.