PANews reported on December 25th that, according to AiYi's analysis of on-chain data, Trend Research, an institution under Yi Lihua, began a new round of Ethereum accumulation in early November. It currently holds approximately 645,000 ETH (about $2.1 billion), making it the third largest Ethereum holder after Bitmine and SharpLink. Its average purchase price was $3299.43, and it currently has a paper loss of approximately $242 million.

If the plan to "buy another $1 billion" is implemented, Trend Research may become the second largest holder of ETH. The majority of its holdings were concentrated in November, accounting for over 88% of the total, and involved at least seven major addresses.