Significant Holdings Remain Intact
According to recent on-chain data from Arkham, the prominent investment group Trend Research continues to hold a substantial 626,700 ether (ETH), showing no signs of major sell-offs. Despite reduced gains due to market volatility, the total portfolio value remains near $2.008 billion.
Shifting Cost Basis and Returns
Their average entry price sits around $3,105.5 per ETH. In the current market climate, unrealized profits have dipped to approximately $61.7 million—a notable contraction from earlier peaks—highlighting the impact of recent crypto price corrections on long-term positions.
- Current ETH holdings: 626,700
- Total market value: ~$2.008 billion
- Average acquisition cost: $3,105.5 per ETH
- Unrealized gain: ~$61.7 million
Implications for Market Sentiment
Although profit margins have narrowed, there's no evidence of aggressive liquidation. Analysts suggest this holding pattern may reflect enduring confidence in Ethereum’s ecosystem. With ongoing Layer2 expansion and protocol upgrades, future valuation shifts could become a pivotal focus.