Trend Research transferred about 79,000 ETH to Binance for reduction and repaying US$107 million in loans

According to Foresight News, according to Ember Monitoring, Trend Research has transferred a total of 79,471 ETH (about US$250 million) to Binance for reduction. After starting the reduction, its on-chain borrowing has dropped from $275 million before the reduction to $168 million currently, indicating that they have sold at least $107 million worth of ETH in the past day. The Trend Research on-chain address still holds 1.08,000 ETH, worth approximately US$367 million.

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