Trend Research Exits Ethereum: $642 Million Deployed to Binance

Trend Research recently moved a substantial amount of Ethereum, worth over $642 million, to the Binance exchange in just four days. This transfer, totaling 143,124 ETH, has raised questions about potential market impact from large-scale ETH sales. Blockchain observers are closely watching Trend Research’s activity as they have transferred significant amounts of Ethereum to Binance. In the last 10 hours alone, this prominent wallet moved another 77,491 ETH ($354.5 million). 143,124 ETH sent to Binance in four days, a figure indicating potential selling pressure, with some speculating it could trigger market sell-offs and impact Ethereum’s short-term price.