Trend Research and [$230M Long Whale] Ethereum Holdings Turned from Loss to Gain
BlockBeats News, January 5th, according to Ashes Monitor, as ETH surpasses $3200, it has exceeded the cost basis of two whales/institutions who were previously high-profile bullish on ETH, Trend Research and [$230M Long Whale]. They have both turned their positions from unrealized losses to gains:
The [$230M Long Whale] has longed 203,000 ETH ($647M) through Hyperliquid, with an average cost of $3147 per ETH. The overall position has shifted from a previous peak unrealized loss of $74M to the current $14M unrealized gain.
Trend Research has leveraged Aave to buy 626,000 ETH ($2B), with an average cost of approximately $3186 per ETH. The overall position has moved from a previous peak unrealized loss of $141M to the current $8.77M unrealized gain.
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