Interestingly, a recent data capture by a leading crypto analysis platform shows that the ETH holdings of the research institution Trend Research are already quite substantial. According to on-chain monitoring, this institution currently holds 626,700 ETH, with an average acquisition cost of approximately $3,105.50.

Converting to current value, this position totals $2.086 billion, with an unrealized gain of about $140 million. Based on the increase from the cost price to now, this ETH position has indeed accumulated significant unrealized gains. The holdings movements of such large institutions often reflect their confidence in the medium-term trend of Ethereum—after all, this scale of ETH cannot be sustained by short-term speculation.