Trend Research bought 645,000 ETH at an average price of $3,299.43 and is currently experiencing a paper loss of $242 million.
TL;DR
Trend Research acquired 645,000 ETH at an average cost of $3,299.43, resulting in a current paper loss of $242 million. The purchases occurred in November and December, with varying average prices per month.
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On December 25th, according to on-chain analyst Ai Yi (@ai_9684xtpa), based on the withdrawal price from trading platforms, the average cost of the 645,000 ETH currently held by Trend Research, a subsidiary of Yi Lihua, is approximately $3,299.43, meaning this portion of the tokens has already incurred a paper loss of $242 million. The breakdown by month is as follows:
November: Between November 2nd and November 21st, 630,571.5 ETH were withdrawn from CEX, worth $2.1 billion, at an average price of $3,337.39.
December: Between December 14 and December 23, 84,954.4 ETH were withdrawn from CEX, worth $256 million, at an average price of $3,017.73.