Ethereum Investment Vehicle Trend Research continued to reduce its exposure to Ether as the recent market crash forced the treasury company to sell its assets to repay loans.
On Sunday, it had approximately 651,170 ether (ETH) in the form of ether wrapped in Aave Ethereum (AETHWETH). As of this writing, that number has dropped by 404,090, to about 247,080 on Friday.
Since the beginning of the month, Trend Research has transferred 411,075 ETH to the Binance cryptocurrency exchange, According to to the Arkham blockchain data platform.
The transfers came as the price of ETH fell by almost 30% last week, falling to just $1,748 on Friday. According to to CoinMarketCap. At the time of writing, it was priced at $1,967.
Related: Sharplink raises $33 million in Ether staking, deploys another $170 million ETH
Trend Research continues to manage risk as ETH nears liquidation levels
Trend Research is affiliated with Jack Yi, founder of Hong Kong-based cryptocurrency firm Liquid Capital. Yi accumulated a stake in his Ethereum investment company by purchasing ETH on an exchange, using it as collateral on Aave to borrow stablecoins, and then using those funds to acquire more ETH.
Trend Research faces multiple ETH liquidation levels ranging from $1,698 to $1,562, blockchain data platform Lookonchain wrote in Friday’s X issue. post.
Down, he said in a Thursday post on X that he remains bullish even though he admitted he called for a bottom in cryptocurrency valuations too early and will continue to wait for the market to recover while “managing risk.”
Related: BitMine Buys $105M Ether for Early 2026, Still Holds $915M in Cash
Trend Research came into the spotlight days after a $19 billion liquidation in October 2025, when the investment firm he started its aggressive aether accumulation.
In December, Trend Research would have ranked as the third largest holder of Ether, but as an unlisted company it does not appear on most tracking sites.
Bitmine, the largest public holder of corporate ether, was meeting on Friday on an unrealized gain of about $8 billion.
Warehouse: DAT Panic Throws Out 73,000 ETH, India’s Crypto Tax Remains: Asia Express
