According to on-chain data monitored by Arkham, at 10:49 AM on October 18 (UTC+8), Trend Research—linked to analyst Lihan Yi—completed the transfer of approximately 534 ETH to the Binance exchange.
This move marks the full liquidation of its ETH holdings, leaving only 0.165 ETH remaining in the wallet, valued at roughly $40.
Analysis of Fund Movements
The ETH transferred is worth around $1.11 million at current market prices. This event has sparked discussions within the blockchain community about institutional fund flows and suggests a strategic shift in digital asset management.
- Transfer Time: 10:49 AM (UTC+8)
- Amount: 534 ETH
- Destination: Binance
- Remaining Balance: 0.165 ETH
On-chain analysts noted that this was not the first major movement from the wallet, indicating a consistent trend of capital reallocation.