Summary
- It was reported that there is a possibility of a large-scale Ethereum (ETH) sell-off worth "$120 million".
- Trend Research announced that it may sell an additional 40,000 ETH to repay loans.
- Jack Yi, the founder of LD Capital, shared plans to hold 100% spot Ethereum after repaying all loans.
An analysis suggests that there is a high possibility that Ethereum (ETH) worth $120 million could be sold off in the market.
On the 16th (local time), EmberCN announced via X (formerly Twitter) that "Trend Research, under LD Capital, is likely to sell an additional 40,000 ETH (about $120 million)". Today, Trend Research already sold 48,900 ETH (about $150 million) in the market.
Analysts focused on the possibility of Trend Research repaying loans. One stated, "Trend Research has already repaid a $67 million loan to Aave, and the remaining loan is $207 million. To completely repay this debt, an additional 40,000 ETH would have to be sold."
Meanwhile, Jack Yi, the founder of LD Capital, said, "After repaying all loans, I plan to hold 100% spot Ethereum."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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