An entity identified as Trend Research has sold an additional 9,547 ETH, a transaction valued at approximately $43.47 million, according to on-chain analyst Yujin. This move continues a pattern of significant divestment from the major Ethereum holder.

The latest sale is part of a broader trend that started on June 2. Since then, Trend Research has cumulatively transferred 70,481 ETH, worth $310 million, to an exchange. The average sale price for these transfers was $4,397 per ETH. Following these transactions, the institution’s on-chain address still retains about 82,000 ETH, currently valued at $373 million.