Statistics show that Trend Research has transferred $700 million worth of ETH to Binance in the past five days to repay AAVE debt.
PANews reported on February 6th that, according to Bubblemaps, Trend Research is currently selling Ethereum on a large scale to repay its leveraged positions on AAVE. Data shows that the firm has transferred 332,000 ETH (approximately $700 million) to Binance in the past five days, and another $40 million worth of ETH in just the past hour. Trend Research currently holds approximately $100 million worth of ETH, representing 9% of the total aWETH supply.
Trend Research remains the second-largest holder of aWETH and continues to reduce its holdings. Led by Jack Yi, the firm is known for establishing the largest leveraged long position in Ethereum via AAVE in 2025. As Ethereum prices fell in 2026, the firm began a "risk control adjustment," transferring ETH to exchanges to pay off debts. Analysts suggest that as prices approach liquidation levels, Trend Research and other ETH whales may be forced to continue selling their positions.
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