According to @EmberCN, Trend Research has resumed buying ETH, confirmed by a reply from Jack Yi on X: https://x.com/Jackyi_ld/status/1966036786188296457; source post: https://twitter.com/EmberCN/status/1966041544550658051. The post reports Trend Research now holds about 152,000 ETH with an average cost near $2,869 and a current valuation around $673 million; source: @EmberCN on X: https://twitter.com/EmberCN/status/1966041544550658051. Based on these reported figures, the implied total cost basis is approximately $436 million calculated from 152,000 multiplied by $2,869; calculation derived from data reported by @EmberCN: https://twitter.com/EmberCN/status/1966041544550658051.

According to @lookonchain, Trend Research borrowed 88M USDT on Aave within the past two hours, deposited it to Binance, and then withdrew 9,377 ETH (about $41.37M), indicating a buyback at a higher price. Source: @lookonchain on X, Sep 11, 2025. Two months earlier, the entity sold 79,470 ETH for roughly $250M at an average price of $3,145, marking a reversal in its on-chain flows and exchange activity. Source: @lookonchain on X, Sep 11, 2025.

According to @EmberCN, two newly flagged wallets attributed to Trend Research withdrew 34,000 ETH from Binance on Sep 4 and deposited the funds into Aave; wallet identifiers: 0xbb101B9Ac239851842e9758266de36D47B790308 and 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b, source: @EmberCN on X and ARKM Intel. In the last 30 minutes, these wallets borrowed 80 million USDT from Aave, sent it to Binance, and withdrew 9,377 ETH, bringing their combined holdings to 43,377 ETH valued around 192 million USD; valuation and flow details from @EmberCN on X, with wallet balances visible on ARKM Intel. The USDT deposits to Binance used a deposit address previously employed by Trend Research, linking the activity to the firm, source: @EmberCN on X. Historical positioning shows Trend Research accumulated 182,000 ETH around 2,250 USD during April–June, trimmed 74,000 ETH after ETH broke 3,000 USD in July to reduce leverage, and continued holding 108,000 ETH, source: @EmberCN on X. Price context cited by @EmberCN references @Jackyi_ld stating 4,100–4,300 USD as a buy-the-dip zone, which @EmberCN suggests aligns with renewed purchases, source: @EmberCN on X. Traders can monitor the two ARKM Intel addresses and Aave borrow activity for subsequent Binance withdrawals to gauge near-term ETH liquidity changes, source: ARKM Intel and @EmberCN on X.

According to @EmberCN, after Bybit announced it will delist the $NEIROETH perpetual contract (source: Bybit), Trend Research transferred another 10.05 million $NEIROETH (about $0.61 million) to Bybit (source: @EmberCN). According to @EmberCN, Trend Research’s total transfers to Bybit today reached 139 million $NEIROETH (about $10.64 million) (source: @EmberCN). According to @EmberCN, the linked on-chain address still holds 531 million $NEIROETH (about $36.23 million), equal to 53.1% of the token’s total supply (source: @EmberCN). The delisting removes a $NEIROETH derivatives venue on Bybit for exposure and hedging (source: Bybit).

According to @EmberCN (X, Sep 4, 2025), Bybit announced it will delist the $NEIROETH perpetual contract, and Trend Research sold 129 million $NEIROETH valued at approximately $10.03 million earlier today, as reported by @EmberCN.

According to Lookonchain, Trend Research deposited 129M NEIRO (about $10M) into Bybit roughly 40 minutes ago, Source: Lookonchain. Lookonchain reports that Trend Research withdrew 670.75M NEIRO ($55.55M), equal to 67.08% of total supply, from exchanges between Mar 24 and Aug 23 via 14 wallets at an average acquisition price of $0.083, Source: Lookonchain. Lookonchain identifies Trend Research as holding 67.08% of the NEIRO supply, establishing a concentrated ownership profile and a clear average cost basis at $0.083 for this holder, Source: Lookonchain. Lookonchain’s data gives traders concrete reference points, including the new 129M NEIRO exchange deposit to monitor on Bybit and the holder’s breakeven near $0.083 for scenario planning and execution risk controls, Source: Lookonchain.

According to @EmberCN, Trend Research, which previously held about 67% of the NEIROETH supply (contract ending 2637), has begun selling and deposited 49.69 million NEIROETH worth approximately $3.86 million to Bybit about 20 minutes prior (source: @EmberCN on X, Sep 4, 2025). According to @EmberCN, Trend Research’s average cost basis is around $0.0828 (source: @EmberCN on X, Sep 4, 2025). According to @EmberCN, after this transfer the address still holds 621 million NEIROETH, representing 62.1% of total supply (source: @EmberCN on X, Sep 4, 2025).

According to @ai_9684xtpa, Trend Research, affiliated with 了得资本, transferred a combined 77.9 million NEIRO to Bybit from two addresses within the past 20 minutes, valued at $6.04 million (source: @ai_9684xtpa). The source describes this as a suspected position reduction following prior activity involving $ENS and $PENDLE, and notes Trend Research is the largest NEIRO holder and at one point held over 67% of the token supply (source: @ai_9684xtpa).

According to @ai_9684xtpa, Trend Research transferred 1,000,000 PENDLE to Binance about 10 minutes before the post, valuing the deposit at roughly $4.78M at a $4.78 per-token price (source: @ai_9684xtpa on X, Aug 31, 2025). According to @ai_9684xtpa, the position was initiated about a week earlier with a $5.83 withdrawal price, so sending at $4.78 implies a $1.05 per-token or about $1.05M loss if sold at the deposit price, and the source characterizes it as another loss-making sell while questioning broader altcoin de-risking (source: @ai_9684xtpa on X, Aug 31, 2025).

According to @EmberCN, a wallet linked to Trend Research transferred 203,000 ENS valued around $4.72 million into Binance about 10 minutes before the post, source: @EmberCN. The same ENS were withdrawn from Binance about one month earlier when valued around $5.5 million, implying a potential realized loss of about $780,000 if sold now, source: @EmberCN. The author questioned whether this exchange deposit signals intent to sell and provided the wallet address link in the post, source: @EmberCN.

According to @ai_9684xtpa, Trend Research deposited 203,105 ENS into Binance, valuing the transfer at approximately $4.72 million with a stated deposit reference price of $23.24. Source: X post by @ai_9684xtpa on Aug 31, 2025: https://twitter.com/ai_9684xtpa/status/1962154737362776304 According to @ai_9684xtpa, these tokens were previously withdrawn from Binance on 07.23 at $28.82, implying an unrealized loss of about $1.133 million if sold at the cited deposit price. Source: X post by @ai_9684xtpa on Aug 31, 2025: https://twitter.com/ai_9684xtpa/status/1962154737362776304 According to @ai_9684xtpa, the post also notes that Trend Research’s ENS swing last year appeared to end in a loss, and it included a wallet link for reference. Source: X post by @ai_9684xtpa on Aug 31, 2025: https://twitter.com/ai_9684xtpa/status/1962154737362776304

According to @OnchainLens, a wallet likely linked to @Trend_Research_ withdrew 1,000,000 PENDLE worth $5.83M and 28,220,000 NEIRO worth $3.53M from Binance and Gate in the past hour to address 0x4F62bF3A8ef0383a2df8Effe08c6595433f4BC2E, totaling about $9.36M and implying per-token values near $5.83 for PENDLE and $0.125 for NEIRO; source: @OnchainLens on X.

According to @ai_9684xtpa, Trend Research, an entity associated with LD Capital, has re-established a significant position in Ethereum Name Service (ENS) after a year-long hiatus. The firm withdrew 203,105 ENS tokens, valued at approximately $5.5 million, from the Binance exchange. This large accumulation is notable as it follows a previous trade a year ago where the firm is estimated to have incurred a $122,000 loss on a position of 80,000 ENS. This new, larger investment could signal renewed bullish conviction from the institution.

According to @EmberCN, on-chain data reveals that the entity 'Trend Research' likely executed a significant token swap. The wallet first deposited 1.5 million FORM tokens, valued at $5.12 million, into Binance. Subsequently, it withdrew 203,000 ENS tokens, worth $5.5 million, from the exchange. This sequence of transactions suggests Trend Research sold its FORM holdings to acquire ENS. The report also notes that Trend Research's current portfolio is valued at approximately $570 million and is believed to be in profit, with major holdings including 108,000 ETH valued at $402 million.

According to @EmberCN, an address associated with @Trend_Research_ deposited 1.5 million FORM tokens, valued at $5.12 million, into Binance. This on-chain activity is part of a larger pattern where the address initially withdrew 9 million FORM from Binance in late April at a price of $2.13. Subsequently, the entity has been systematically depositing the tokens back to the exchange at progressively higher prices: 3 million FORM were deposited in late May at $2.56, another 1.5 million in late June at $2.58, and the most recent 1.5 million at $3.41. For traders, this pattern of moving assets to an exchange after significant price appreciation could indicate an intention to sell and realize profits, potentially increasing selling pressure on the FORM market.

According to @EmberCN, the secondary investment firm Trend Research, associated with Jackyi_ld, has continued its significant accumulation of DeFi tokens. The firm recently withdrew another 1.004 million UNI, valued at $10.72 million, from Binance. This brings their total withdrawals over the past week to a substantial 5.41 million UNI ($56.69 million) and 228,000 COMP ($11.79 million), according to on-chain data shared by the source. These large-scale movements from a major exchange to private wallets are often seen by traders as a bullish indicator, as it potentially reduces the readily available supply and signals a long-term holding conviction. Notably, the firm has paused its ETH withdrawals for the past two days, suggesting a potential strategic shift in focus towards these specific DeFi assets.

According to @EmberCN, Trend Research has transferred a total of 79,471 ETH, valued at approximately $250 million, to Binance for a potential sell-off. On-chain data indicates that following this move, the entity's on-chain debt has been reduced from $275 million to $168 million. This suggests that Trend Research has sold at least $107 million worth of ETH within the last day. The analysis further reveals that their on-chain addresses still hold 108,000 ETH, worth around $367 million, indicating significant holdings remain despite the recent sales.

According to Lookonchain, the entity identified as Trend Research (@Trend_Research_) has continued its significant selling of Ethereum (ETH), recently offloading another 21,000 ETH valued at approximately $67 million. This latest transaction brings their total sales over the past 24 hours to 69,946 ETH, equivalent to $218.3 million, as cited in the source. Despite this heavy selling pressure, the wallet still retains a substantial holding of 115,187 ETH, worth around $376.35 million. For traders, this large-scale distribution from a single entity is a key on-chain indicator that could contribute to downward price pressure on ETH.

According to @ai_9684xtpa, on-chain data reveals that an entity named Trend Research has deposited a total of 27,454.4 ETH into exchanges over the past 12 hours. This action is reportedly linked to the entity reducing its leveraged position on the Aave protocol to take profits. The source suggests that these deposits are happening in batches and are expected to continue, potentially indicating sustained selling pressure on Ethereum (ETH) in the near future.

According to @EmberCN, the secondary investment firm @Trend_Research_, associated with @Jackyi_ld, has begun taking profits on its Ethereum (ETH) holdings as the price surpassed the $3,100 level. The firm transferred 17,289 ETH, valued at approximately $52.84 million, to the Binance exchange. Subsequently, they withdrew 19.11 million USDT to repay loans that were used to acquire their ETH position with 2x leverage on platforms like Aave. This move signifies a strategic deleveraging and profit-taking action by a significant market player, potentially impacting short-term market sentiment for ETH.