Trend Research Suspected of Dumping 10,000 ETH, Sparking Market Attention

According to on-chain data monitoring, Trend Research drew market attention on February 5 for frequent transactions within a short period. The entity first deposited 10,000 ETH to Binance before suspected selling, amounting to a value of $21.2 million.

Notably, this action occurred only 25 minutes after they withdrew $30 million in USDT from the same exchange. It is believed that the USDT may have been used to repay outstanding debts.

This movement has once again sparked speculation about Trend Research’s financial activities, and their future actions might have an impact on the market.