PANews reported on July 17 that according to Ember, Trend Research has transferred 79,471 ETH (about $250 million) to Binance for reduction. Since the reduction began, its on-chain borrowing has decreased from $275 million before the sale of ETH to the current $168 million. This means that the institution has sold at least $107 million worth of ETH in the past day. Currently, the on-chain address of Trend Research still holds about 108,000 ETH (about $367 million).