COINOTAG News, May 28th. Recent analysis from Trend Research, a division within LD Capital, has unearthed significant activity in the crypto space, pinpointing an institutional address that now holds 142,000 ETH. This accumulation trend began when Ethereum reached the $1,400 mark, as the institution expressed confidence in a bullish market outlook upon releasing a detailed research report at the $1,800 level.
According to insights from analyst @ai_9684xtpa, this wallet currently possesses 142,137 ETH, translating to a staggering value of $374 million, which reflects a total profit of approximately $66.08 million. This figure includes $42.35 million in unrealized profits. Since December 20, 2024, this institution has strategically acquired 181,662 ETH at an average cost of $2,340, amassing a total investment of up to $425 million. Notably, 32,498 ETH from this collection have either been deposited into trading platforms or liquidated at a peak price of $3,070.