Trend Research quietly becomes one of Ethereum’s largest whales with 46K ETH buy

Trend Research recently purchased 46,379 Ether (ETH), increasing its total holdings to approximately 580,000 ETH, making it larger than most public Ethereum treasuries tracked by CoinGecko. Trend Research is a secondary investment institution linked to LD Capital founder Jack Yi, who has been aggressively accumulating ETH since October and plans to deploy another $1 billion for further purchases. This accumulation by a non-listed entity, alongside major holders like Bitmine and SharpLink, increases Ether treasury concentration. Bitget Wallet analyst Lacie Zhang noted that corporate ETH buying during downturns is often a strategic move for network dominance, transforming passive treasuries into productive infrastructure. Meanwhile, other major holders like ETHZilla and FG Nexus have been selling ETH to redeem debt or fund stock buybacks, which Zhang views as a "transfer of wealth" to those positioned to own the network's future infrastructure.

(Source：Cointelegraph)