Trend Research and 7 Siblings Boost ETH Accumulation to $1.92 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 6d ago- Whale Activity Significant: Trend Research holds 651,300 ETH, valued at approximately $1.92 billion, and despite facing an unrealized loss of around $163 million, they actively accumulate ETH during market downturns, demonstrating strong confidence in Ethereum's value.
- High-Risk Strategy: 7 Siblings holds 596,800 ETH on the Spark protocol and has borrowed $193 million in stablecoins to enhance their ETH positions, reflecting an optimistic outlook on Ethereum's future despite the high leverage in a volatile market.
- Market Dynamics Impact: The strategic buying by these two major whales post-price drops may influence Ethereum's price movements, attracting investor attention to whale activities, especially with Ethereum's market cap currently at $366.14 billion.
- Future Market Insights: Analysts suggest that the ongoing ETH accumulation by Trend Research and 7 Siblings could indicate potential movements in the financial markets, and while leveraging positions carry risks, regulatory impacts appear minimal, warranting close observation of Ethereum's role amid future technological changes.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
