A recent major Ethereum selling is strongly taking over in the broader cryptocurrency community. Given the prolonged market volatility over the past few months, Trend Research has officially concluded its massive ETH delist, dumping thousands of top altcoins in the process.
Massive Trend Research’s Ethereum Unwind Ends
The price of Ethereum is facing increased bearish pressure and several large institutions appear to be dumping their ETH holdings, which is likely to extend the current volatility. The most recent and popular sale in the community is from Trend Research, a marketing research data collection company based in Edmonton.
Trend Research marks an important turning point for Ethereum, with the announcement that the long strong sales history and the unwinding of positions is finally complete. MartyParty, crypto commentator and host of The Office Space, shared this update on the X platform, attracting the attention of the community.
Looking at the on-chain tracking, the company deposited/liquidated all 651,757 ETH in Binance, the world’s largest cryptocurrency exchange. At the time of the transaction, ETH’s share was valued at $1.34 billion, with an average announced exit price of $2,055.
According to MartyParty, this caps a brutally leveraged long position that began to unravel when the price of Ethereum saw a sharp decline. Specifically, the forced sell-off began at $1,750 levels earlier in February 2026. After the sell-off, the estimated realized loss stands at around $747 million, while other trackers estimate it at around $745 million, marking one of the largest public sales of a major player in recent memory.
MartyParty described how the action unfolded. The commentator pointed out that Trend Research initially built a huge long ETH. This was achieved by borrowing stablecoins on Aave against ETH collateral and then purchasing more ETH exposure which reportedly peaked at almost +$2 billion at times.
As the price of Ethereum fell, the company started moving ETH to Binance over the past few days/weeks to pay off debt and avoid complete liquidation. Previous lots ranged from 10,000 to 90,000 ETH, and they are increasing. Meanwhile, the last batch deleted the rest, leaving their wallets empty. However, a few trackers report tiny remnants like 0.165 ETH left in their wallets.
By making this decision, a significant source of selling pressure that has been threatening the cryptocurrency for about a week is eliminated. However, whether this triggers a relief bounce or the market simply ignores it depends on broader crypto sentiment, including macro, other whales and ETF Feedamong others.
ETH whales reignite buying pressure
Even with the ongoing pullback, investor sentiment has not entirely turned bearish toward the altcoin. CW, market expert, disclosed which flows towards accumulation wallet addresses appear to have increased despite a notable decline in ETH.
The data shows that large holders or whales have increased their holdings, while retail investors continue to offload due to panic. This divergence represents a shift in ownership, where supply shifts from weaker hands to stronger, belief-driven investors.
Featured image from iStock, chart from Tradingview.com
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