Analysis: Trend Research estimates the cost of Ethereum at approximately $2240, with a total holding of 177,000 ETH

According to ChainCatcher's message and on-chain analyst Yu Jin's monitoring, Trend Research under LD Capital now holds approximately 177,000 ETH (about 453 million USD), part of which was purchased after borrowing USDT from Aave by collateralizing ETH. A total of 230 million USDT was borrowed, with a leverage ratio close to two times.

Its comprehensive cost for ETH should be around 2,240 USD, currently with an unrealized profit of about 55 million USD.