PANews reported on February 2nd that, according to on-chain analyst @ai_9684xtpa, Trend Research's total losses on Ethereum have reached a staggering $554 million. Starting yesterday, Trend Research deposited 73,589 ETH into Binance and appears to have sold them, with an average deposit price of $2,299.96, resulting in an estimated loss of $59.19 million. In addition to this substantial loss, its on-chain holdings of 598,342.35 ETH also show a paper loss of $495 million.