Trend Research Reports $734 Million Loss in Ethereum Transactions Amid Cryptocurrency Downturn

Trend Research, a company known for its significant investments in the cryptocurrency market, has suffered a substantial loss of $734 million during the recent downturn. The company's Ethereum positions were largely liquidated, with the fund withdrawing 792,532 ETH and later reinvesting 772,865 ETH at an average price of $2,326. The final loss from ETH transactions is estimated to be around $734 million. However, the fund reportedly did not experience a net loss overall due to profits in other crypto assets offsetting the Ethereum loss.