Trend Research Expands Ethereum Holdings to 580,000 ETH Through 2x Leverage via Aave, Valued at $1.72B
ETH/USDT
$13,682,200,163.79
$2,316.78 / $2,205.11
Change: $111.67 (5.06%)
-0.0014%
Shorts pay
According to on-chain analytics, Trend Research, the Eligma subsidiary, expanded its ETH exposure by borrowing to acquire 46,379 additional ETH, valued at about $137 million as of December 24. The maneuver relies on borrowed liquidity via Aave, with total USDT debt around $887 million and roughly 2x leverage, signaling a continued leverage-driven accumulation stance.
Since early November, when ETH traded near $3,400, Trend Research has accumulated about 580,000 ETH, representing a market value near $1.72 billion. The blended entry price hovers around $3,208 per ETH, and the position carries an unrealized loss of approximately $141 million at current pricing.