Trend Research Becomes Major Ethereum Whale After 46,379 ETH Buy
On-chain data shows Trend Research quietly purchased 46,379 ETH, a move that places the private firm among the largest ETH holders and ranks it just behind SharpLink Gaming and BitMine Immersion Technologies. The acquisition, reported on Dec. 24, 2025, was notable for its scale and discretion, drawing attention because it materially reshapes public treasury standings without an accompanying press announcement.
The development matters because large, concentrated holdings can influence market liquidity and signal broader institutional confidence in Ethereum. A sizable purchase like this can tighten available supply and may prompt other treasury managers and investors to reassess position sizes. For market watchers, Trend Research’s move reinforces the role of on-chain transparency in tracking who holds what and why those shifts could affect price dynamics and ecosystem strategy going forward.