Trend Research just sold approximately 48,946 ETH worth 151 million USD to repay a loan on the Aave platform.
Previously, this organization borrowed and bought a total of 184,115 ETH at a cost of nearly 390 million USD, with an average purchase price of about 2,118 USD per ETH.
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Trend Research liquidated 48,946 ETH to repay a loan on Aave.
The organization borrowed and purchased 184,115 ETH in the first four months of 2024.
The average purchase price was 2,118 USD/ETH, with a total cost of nearly 390 million USD.
How much ETH has Trend Research sold to repay debt on Aave?
Trend Research has liquidated 48,946 ETH, equivalent to approximately 151 million USD, to repay a loan on the cryptocurrency lending platform Aave. This is a clear move to reduce risk and effectively manage the organization's finances in a volatile market.
When did Trend Research borrow and buy ETH?
The Director of Cryptocurrency Market Research stated that Trend Research borrowed and purchased a large amount of ETH during the period from 02/26 to 06/20/2024. About 184,115 ETH were purchased at a total cost of nearly 390 million USD, reflecting a long-term investment strategy implemented in lending-borrowing services on reputable DeFi platforms.
“The liquidation of a portion of ETH reflects an effort to control financial risk while maintaining operational flexibility in the rapidly changing cryptocurrency market.”
Mr. Nguyen Van Nam, Director of Cryptocurrency Market Analysis, 07/15/2024
What does the average purchase price of ETH by Trend Research signify?
The average purchase price of 2,118 USD/ETH indicates that Trend Research invested while ETH was still at an average price level, not at the ATH peak, helping to optimize potential profits when ETH prices fluctuate. This data demonstrates the strategy of buying over multiple stages to minimize market volatility risk.
What is the impact of ETH liquidation on Trend Research's finances and market?
Selling 48,946 ETH to repay debt not only helps Trend Research reduce its borrowing burden on Aave but also rebalances its investment portfolio. This trend contributes to stabilizing the cryptocurrency market by avoiding massive sell-off pressure, thus maintaining liquidity and stabilizing ETH prices somewhat.
Summary table of ETH transactions of Trend Research
Period Number of ETH Purchased Average Price (USD) Total Cost (Million USD) Recently Sold ETH Quantity Sale Value (Million USD) 02/26 – 06/20/2024 184,115 ETH 2,118 USD 390 48,946 ETH 151
Frequently Asked Questions
On which platform did Trend Research borrow ETH? Trend Research borrowed ETH through the Aave lending platform, one of the reputable and popular DeFi services. What is the average purchase price of ETH by Trend Research? The reported average purchase price is about 2,118 USD for each ETH. Does the sale of ETH by Trend Research affect the market? The sale can help stabilize the organization's finances and reduce massive sell-off pressure, maintaining liquidity balance for the market. Why did Trend Research choose to sell ETH to repay debt? Selling ETH to repay debt helps reduce borrowing risk and manage assets effectively in a volatile context. How much ETH is Trend Research currently holding? After the transaction, Trend Research is holding approximately 135,169 ETH, based on disclosed data.
Source: https://tintucbitcoin.com/ethereum-trend-research-thanh-toan-no-aave/
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