Analyst: If Yili Hua fulfills the promise of "buying another 1 billion dollars," Trend Research will become the second largest holder of ETH

According to on-chain analysts, on-chain data shows that Trend Research, an institution under Yi Lihua, began a new round of Ethereum accumulation in early November and currently holds approximately 645,000 ETH (about $2.1 billion), making it the third-largest Ethereum holding entity, after Bitmine and SharpLink.

Its average acquisition price is $3,299.43, and it currently has an unrealized loss of about $242 million. If the "buy another $1 billion" plan is implemented, Trend Research may rise to become the second-largest Ethereum holding entity. The main accumulation occurred in November, accounting for over 88%, utilizing at least 7 major addresses. If Yi Lihua's commitment to "buy another $1 billion" is put into action, the holdings may approach 1 million ETH, surpassing SharpLink to become the second-largest Ethereum holding entity.