Trend Research's Ethereum Position: Unrealized Profit Sits at Approximately $65 Million

liquidation_surfer · 2026-01-26T07:01:25+00:00

Arkham reports that Trend Research, led by Yi Lihua, holds 626,700 ETH, valued at $1.81 billion but facing $65 million in unrealized gains due to market volatility. This highlights Ethereum's price fluctuations impacting even major investors.

liquidation_surfer

2026-01-26 07:01:25

Abstract generation in progress

On-chain data platform Arkham reveals that Trend Research, led by Yi Lihua, currently maintains a substantial Ethereum (ETH) position of 626,700 tokens. The fund accumulated these holdings at an average cost basis of approximately $3,105.5 per coin.

Current Market Valuation

With ETH trading near $2,890 at the time of this data snapshot, the total portfolio value stands at around $1.81 billion. This represents the second wave of market adjustments affecting major Ethereum holders.

Unrealized Gains Under Pressure

The paper profit on this position has narrowed to approximately $65 million—a significant compression from previous levels. This dynamic illustrates how macro market movements impact even large institutional players holding significant crypto assets. The $2.21K swing in ETH’s valuation from Trend Research’s average entry price directly influences the fund’s unrealized position metrics.

The situation underscores the volatility inherent in Ethereum holdings and demonstrates why even sophisticated market participants continue to hold through price fluctuations rather than capitulate during downturns.

ETH3,9%

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