There was a prominent token swap, according to on-chain data from cryptocurrency analysis and investment firm Trend Research. The company moved last night to vinify 1.5 million form tokens (worth approximately $5.12 million).
Following this transaction, about 40 minutes later, 203,000 ENS tokens (approximately $5.5 million) were withdrawn from Binance.
These transactions suggest that trend research has made new investment decisions on ENS tokens.
Trend Research’s total portfolio value is approximately $570 million, primarily in a profitable position, according to Onchain data. The company’s Token Holdings and their respective costs are as follows:
- 108,000 ETH – worth about $422 million, purchase cost: $2,250
- 642 million neiros – Value approximately $82.71 million, Purchase Cost: $0.0817
- 5.411 Million Universities – Approximately $56.43 Million, Purchase Cost: $9.5
- 3751 Million Form – Approximately $13.32 Million, Purchase Price: $2.13
- 228,700 comp – Value about $11.69 million, Purchase price: $49.3
- 203,000 ENS – Approximately $5.5 million, Purchase price: $27.1
*This is not investment advice.
