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Major institutional ethereum accumulation alert: Trend Research has just acquired 46,379 ETH, pushing its total holdings to approximately 580,000 ETH. This positions the firm among the largest institutional ETH holders in the space—only SharpLink and BitMine maintain bigger bags at this level. The move signals continued confidence in ethereum's long-term value. For traders monitoring whale activity and institutional positioning, this represents a significant data point in understanding where smart money is allocating capital in the current market cycle.