According to @ai_9684xtpa, citing Arkham on-chain data at intel.arkm.com/explorer/address/0x85e05C10dB73499fbDeCAb0dfbB794a446feEeC8, Trend Research deposited 20,000,000 USDT to an exchange this afternoon and 15 minutes ago withdrew 9,939 ETH from Binance worth $30.85M; source: @ai_9684xtpa; Arkham. Cumulative holdings now stand at 636,717.65 ETH with an average acquisition cost of about $3,105.46 and an unrealized profit of approximately $0.636M; source: @ai_9684xtpa; Arkham. Several minutes earlier, the address borrowed 10,000,000 USDT from Aave and sent it to Binance, at which time it held 626,778.65 ETH valued at $1.94B with an average cost near $3,105.5 and an unrealized profit of about $53.52M; source: @ai_9684xtpa; Arkham. These sequential on-chain flows indicate active ETH accumulation by a large wallet, with stablecoin funding and Binance outflows visible on-chain; source: @ai_9684xtpa; Arkham.

According to @ai_9684xtpa, citing Arkham data, Trend Research holds 626,778.65 ETH (approx. $1.94B) with an average cost around $3,105.5, and ETH has pulled back to this cost basis, based on the linked entity page and post data. Source: x.com/ai_9684xtpa/status/2010903252322443321; intel.arkm.com/explorer/entity/474d1c43-f6a9-480a-a4ba-fef4544f34d2 The same post reports that, excluding a realized stop-loss on ASTER at a 53.54% decline, positions in BTC, BCH, BNB, and WLFI remain in unrealized profit, with BCH up 19.6% and WLFI up 15.46% since a full-allocation disclosed for Nov 23–26 by @Jackyi_ld. Five of six tracked tokens are up, implying an 83.3% hit rate over that period. Source: x.com/ai_9684xtpa/status/2010903252322443321