Trend Research Completes ETH Liquidation, Suffers $734M Loss

Trade Details

Trend Research's two major trades on Ethereum have concluded with a total loss of approximately $734 million. In their first trade, they bought 231,000 ETH at an average price of $2,667 and sold at $4,027, realizing a profit of $315 million.

However, the second trade turned out to be a major loss. They purchased 651,500 ETH at an average price of $3,180 and eventually sold at $2,053, resulting in a loss of $734 million.

Fund Performance

Despite the massive loss on ETH, the fund remained profitable overall, with previous profits offsetting the losses. Gains on other cryptocurrencies such as WLFI and FORM helped cover the ETH losses.

• First trade: $315 million profit
• Second trade: $734 million loss
• Profits from other tokens: offset losses