🔔 A suspected Trend Research address once again leveraged to buy 9,377 ETH
Mars Finance reported on September 11th that according to Ember's monitoring, two new addresses withdrew 34,000 ETH from Binance a week ago (September 4th) and deposited it into Aave. In the past half hour, these two addresses borrowed 80 million USDT from Aave and transferred it to Binance. They have now withdrawn 9,377 ETH (US$41.37 million) from Binance. These USDT were transferred to Binance using a deposit address previously used by Trend Research. Therefore, these two new addresses, now holding 43,377 ETH (US$192 million), likely belong to Trend Research. Trend Research previously accumulated 182,000 ETH at a low price of $2,250 between April and June. After ETH broke through $3,000 in July, they reduced their holdings by 74,000 ETH and removed leverage to manage risk. They continue to hold 108,000 ETH.
https://t.co/IW83HKxAbl