Trend Research withdrew 20,850 ETH from Binance in the past hour, worth $63.28 million.

According to Odaily Planet Daily, blockchain analyst Ai Yi reported that Trend Research, an institution under Yi Lihua, withdrew 20,850 ETH from Binance in the past hour, worth $63.28 million. Subsequently, the institution staked ETH and borrowed 40 million USDT through address (0x8FD...97f43).

Currently, Trend Research's five addresses collectively hold 600,850 ETH, with a total value of $1.82 billion. Data shows that their previous holdings of 580,000 ETH had a cost basis of approximately $3,150, and after this recent increase, the average cost basis is approximately $3,146.