Trend Research Buys 6,656 ETH After Borrowing 20 Million USDT on Jan. 21

Trend Research, a firm linked to Yi Lihua, borrowed 20 million USDT on Jan. 21 to purchase 6,656 ETH, Onchain Lens data show. The USDT was sent to Binance for the purchase, and the ETH was transferred to Aave. Trend Research currently holds 651,310 ETH valued at $1.91 billion.