Trend Research May Have Completed Cutting Losses on 210 Billion Yen Worth of Ethereum

Digital Asset Treasury company Trend Research has transferred a large amount of Ethereum (ETH) to an exchange. It appears that they have significantly reduced their holdings to allocate funds for the repayment of outstanding debts.

As of the first of the month, the company held approximately 651,170 ETH in the form of Aave Wrapped Ethereum. By the sixth, this balance had decreased to about 247,080 ETH, indicating that over 400,000 ETH were transferred to the cryptocurrency exchange Binance in less than a week.

Subsequently, by the eighth, Trend Research had nearly completed transferring the remainder. In total, 651,757 ETH (worth approximately 210 billion yen)...