Trend Research Deposits 216,000 ETH to Binance After Selling Two-Thirds of Holdings

Trend Research, controlled by Jack Yi, deposited 216,000 ETH to Binance on Feb. 6, worth about $411 million, Ember data cited by BlockBeats show. The firm previously accumulated 651,500 ETH at $3,180 and has now reduced its position by two-thirds, selling 404,600 ETH since Feb. 1 at an average price of $2,071. On-chain addresses linked to Trend Research still hold 247,000 ETH valued at around $476 million and 321 million USDT.