Trend Research’s Exit from Ethereum Left an Estimated $750 Million Hole
Trend Research, an investment firm led by Jack Yi, has exited Ethereum entirely, reportedly locking in losses close to $750 million as the token’s broader downturn persisted. The firm moved 651,757 ETH, worth about $1.34 billion, to Binance at an average price of $2,055, leaving only 0.0344 ETH, roughly $72, according to on-chain tracking.