Ethereum's "Dip-Buying" Rally: A Chinese Powerhouse Doubles Down With $1B Vision

Amid widespread bearish sentiment in the crypto market, a bold contrarian move is unfolding in the Ethereum ecosystem. Trend Research, a major institutional player backed by LD Capital, has just deployed significant capital to acquire an additional 46,379 ETH—approximately $137 million worth—by leveraging 887 million USDT borrowed from Aave protocol. This aggressive accumulation strategy represents a 2x leverage position, signaling unwavering conviction in Ethereum’s long-term value proposition.

From November to Now: A $1.72 Billion Ethereum Conviction

The story behind Trend Research’s current position reveals a methodical accumulation strategy spanning over a year. The Chinese investment firm initiated its ETH holdings last November when prices hovered around $3,400. Since that entry point, the entity has accumulated a staggering 580,000 ETH tokens, representing a combined investment of approximately $1.72 billion.

With an average cost basis of roughly $3,208 per token, Trend Research currently carries unrealized losses exceeding $141 million on paper—a position that would deter most investors. Yet rather than capitulating, the firm chose to increase its exposure, demonstrating the conviction underlying its institutional thesis.

Breaking Into the Ethereum Whale Rankings

This latest purchase has catapulted Trend Research into the upper echelon of Ethereum holders. The acquisition of 46,379 ETH has positioned the company among the largest individual ETH accumulators globally, rivaling established crypto entities like SharpLink Gaming and BitMine Immersion Technologies in terms of holdings magnitude.

Notably, because Trend Research operates as a private investment vehicle rather than a publicly listed entity, its substantial Ethereum treasury remains largely absent from mainstream rankings and market analyses—despite its significant influence on on-chain capital flows.

The $1 Billion Signal: Founder’s “Historic Opportunity” Call

Perhaps most intriguingly, the firm’s founder Jack Yi has publicly signaled that this recent purchase marks only the beginning. Yi announced via social media that Trend Research has earmarked an additional $1 billion specifically for continued Ethereum acquisition.

In his statement, Yi explicitly cautioned traders against establishing short positions in ETH, framing Ethereum as a historic opportunity for patient capital. This public positioning suggests institutional confidence extending well beyond current market conditions.

Reading Between the Accumulation

The convergence of Trend Research’s sustained buying pressure, leverage-amplified purchases, and forward guidance signals a structured institutional bet on Ethereum’s resilience and future appreciation potential. Whether this contrarian thesis proves prescient or becomes a cautionary tale about market timing remains to be seen—but the sheer scale of capital deployment ensures this Chinese company’s ETH strategy will remain a focal point for market observers tracking institutional sentiment.