According to ChainCatcher, on-chain analyst Yujin has monitored that Trend Research continues to reduce its holdings by selling 9,547 ETH, worth $43.47 million.
Since June 2, Trend Research has cumulatively transferred 70,481 ETH to a certain exchange, worth $310 million, at an average price of $4,397. Currently, the institution's on-chain address still holds about 82,000 ETH, valued at $373 million.