PANews reported on December 29 that, according to on-chain analyst @ai_9684xtpa, Trend Research, an institution under Yi Lihua, withdrew another 20,850 ETH from Binance in the past hour, worth $63.28 million. Subsequently, it borrowed 40 million USDT by staking ETH through address 0x8FD…97f43, and may continue to increase its holdings.

As of now, the institution's five addresses hold a total of 600,850 ETH, with a total value of $1.82 billion. According to data provided by Yilihua, the previous cost of 580,000 ETH was about $3,150, so the average cost after this addition is about $3,146.