Trend Research Scoops Up $63 Million in ETH, Borrows $40M to Buy More

Accumulation and Investment Trends - Trend Research withdrew 20,850 ETH worth $63.28 million from Binance and borrowed an additional $40 million in USDT, indicating aggressive accumulation as Ethereum trades near $3,000 [1] - Easy Come Easy Go's institutional arm controls 601,074 ETH valued at $1.83 billion, having borrowed $958 million in stablecoins for purchases at an average price of approximately $3,265 per token [2] - BitMine Immersion Technologies staked an additional $780 million in ETH, bringing its total to $1 billion over two days, solidifying its position as the largest Ethereum treasury holder with 4.07 million ETH [4] Market Dynamics and Staking - Entry queues for Ethereum have surged to 745,619 ETH with a 13-day wait, while exit queues have dropped to 360,518 ETH, potentially easing sell pressure by early January [3] - BitMine's aggressive staking activity has led to the addition of 98,852 ETH in the past week, surpassing the 4 million ETH threshold in just 5.5 months [5] - Approximately 70% of the 5% of Ethereum supply that changed hands since July was absorbed by BitMine, offsetting a large unstaking event [6] Future Projections - Joseph Chalom, co-CEO of Sharplink Gaming, forecasts Ethereum's total value locked could rise tenfold by 2026, with stablecoin issuance targeting $500 billion and tokenized real-world assets reaching $300 billion [7] - Chalom predicts that sovereign wealth funds will increase their Ethereum holdings and tokenization exposure by 5 to 10 times over the next year due to competitive pressure among large allocators [8]