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 Following this transaction, approximately 40 minutes later, 203,000 ENS tokens (approximately $5.5 million) were withdrawn from Binance.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. Related News: Bitcoin Surges, Reaches Above $120,000 Again - Here Are the Latest Data and What We Know 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. Continue Reading: Company Managing Hundreds of Millions of Dollars in Cryptocurrency Sold One Altcoin and Purchased Another in Its Place – Here’s Its Portfolio
