Chinese Firm’s Epic Fail: Missed $100M, Now Buying Back ETH 🤦‍♂️

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Amidst the swirling mists of the crypto world, where fortunes are made and lost with the flicker of a screen, Trend Research, a Chinese investment firm, has found itself in a peculiar predicament. It seems, dear reader, that they’ve missed out on a grand opportunity, a chance to pocket a staggering $100 million profit from Ethereum (ETH). Now, like a prodigal son returning home, they are buying back the very tokens they once let slip through their fingers. 🌠

But how did we arrive at this juncture? Well, the tale begins with a bold move. According to the ever-watchful eyes of Lookonchain, Trend Research borrowed a whopping 88 million USDT from the top lending protocol AAVE. USDT, that most stable of stablecoins, held steady at $1.00, with a 24-hour volatility of 0.0%, a market cap of $169.14 billion, and a 24-hour volume of $97.70 billion. 📈

Trend Research(@Trend_Research_) is buying back $ETH at a higher price. Just 2 months ago, they sold 79,470 $ETH($250M) at $3,145 avg. In the past 2 hours, they borrowed 88M $USDT from #Aave and deposited it to #Binance, then withdrew 9,377 $ETH($41.37M) from #Binance.… – Lookonchain (@lookonchain) September 11, 2025

With the borrowed funds securely in hand, Trend Research made a beeline for Binance, the largest crypto exchange, a place where the whales of the crypto sea gather to feast. There, they withdrew 9,377 ETH, worth $41.37 million, a sum that, while impressive, pales in comparison to what might have been. 🐳

Two months prior, the firm had sold 79,470 ETH for a total of roughly $250 million, at an average price of $3,145 per token. Had they held onto these tokens, the total value would now be over $352 million, given Ethereum’s current price of $4,430 and a market cap of $534 billion. 🚀

Making Massive Profits

While Trend Research’s misstep may seem like a cautionary tale, it is but one chapter in the grand narrative of Ethereum’s ascent. Some whales, it seems, have been riding the wave with skill and fortitude. Take, for example, the enigmatic 7 Siblings, who turned a tidy $250 million profit by holding Ethereum between February and August. 🎩

Then there’s the Radiant Capital hacker, a figure of both intrigue and infamy, who managed to turn a stolen $53 million into $103 million since September 2024. This shadowy actor began accumulating ETH once more on August 20, as the price dipped below $4,100. 💰

A recent report from Coinspeaker, dated September 10, revealed that Ethereum investors had accumulated over 226,000 ETH, worth roughly $980 million, over the past week. This buying frenzy occurred even as the top altcoin struggled to break above $4,400. 📊

And so, the saga continues, a tale of missed opportunities, daring moves, and the eternal dance of the market. For Trend Research, the journey back to profitability begins anew, with each step a reminder of the fickle nature of fortune. 🌟

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2025-09-11 14:34