According to on-chain data from cryptocurrency analysis and investment firm Trend Research, a notable token swap took place. The company transferred 1.5 million FORM tokens (worth approximately $5.12 million) to Binance last night.
Following this transaction, approximately 40 minutes later, 203,000 ENS tokens (approximately $5.5 million) were withdrawn from Binance.
These transactions suggest that Trend Research has made a new investment decision regarding the ENS token.
According to Onchain data, Trend Research has a total portfolio value of approximately $570 million and is largely in profitable positions. The company's token holdings and their respective costs are as follows:
- 108,000 ETH – Valued at approximately $402 million, purchase cost: $2,250
- 642 million NEIRO – Value approximately $82.71 million, purchase cost: $0.0817
- 5.411 million UNI – Value approximately $56.43 million, purchase cost: $9.5
- 3.751 million FORM – Value approximately $13.32 million, purchase price: $2.13
- 228,700 COMP – Value approximately $11.69 million, purchase price: $49.3
- 203,000 ENS – Value approximately $5.5 million, purchase price: $27.1
*This is not investment advice.