Data: Trend Research borrowed to buy 46,379 ETH, currently holding a total of 580,000 ETH with a paper loss of $141 million.
TL;DR
Trend Research, a firm under Jackyi_ld, leveraged $137 million to buy 46,379 ETH, now holding 580,000 ETH worth $1.72 billion with a $141 million paper loss. They used 2x leverage via Aave loans and previously profited from shorting ETH.
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According to ChainCatcher, as monitored by Ember, Trend Research, a secondary investment firm under Jackyi_ld, purchased 46,379 ETH using leverage, worth $137 million. The firm began buy the dips ETH in early November when it was around $3,400, and currently holds a total of 580,000 ETH, worth $1.72 billion, with an average cost of approximately $3,208. The firm is currently experiencing a paper loss of $141 million.
Trend Research used leveraged borrowing to purchase the aforementioned assets, accumulating 887 million USDT in loans from Aave, representing a leverage ratio of approximately 2x. The firm had previously profited $24.48 million by shorting ETH.