Chinese Investment Firm Makes Surprising Ethereum (ETH) Move: They Conducted an Incredibly Large Number of Transactions

Yi Lihua's subsidiary, Trend Research, has transferred 145,000 ETH (approximately $654 million) worth of Ethereum (ETH) to centralized exchanges (CEX) over the past three days, according to on-chain data. The company's on-chain address currently holds only 7,163 ETH. According to calculations, Trend Research has made a profit of approximately $303 million from this round of trading. The reported transaction history is as follows: During the April–June period, 182,000 ETH was collected when the ETH price averaged around $2,250. In July, 74,000 ETH was sold to take profit after the price rose above $3,000. In September, 43,000 ETH was repurchased at around $4,422. In October, the position was largely closed by transferring 145,000 ETH to Binance at an average price of $4,489. Related News: BREAKING: An Altcoin's Official X Account Has Been Hacked, Hacker Reveals Demands Following this development, the price of Ethereum increased by 0.71% in the last 24 hours to $4,536.50. ETH's market capitalization was recorded at $547.57 billion. However, the Bitcoin price broke a new all-time high price record today. *This is not investment advice. Continue Reading: Chinese Investment Firm Makes Surprising Ethereum (ETH) Move: They Conducted an Incredibly Large Number of Transactions