Trend Research bought 645,000 ETH at an average price of $3,299.43 and is currently experiencing a paper loss of $242 million.

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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November: Between November 2nd and November 21st, 630,571.5 ETH were withdrawn from CEX, worth $2.1 billion, at an average price of $3,337.39.

December: Between December 14 and December 23, 84,954.4 ETH were withdrawn from CEX, worth $256 million, at an average price of $3,017.73.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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