Trend Research, a secondary market investment institution operating under the Yili Hua (Jackyi_ld) ecosystem, has officially finalized the liquidation of its positions in Uniswap (UNI) and Compound (COMP). On-chain data monitoring provided by analyst Yu Jin indicates that the firm transferred its remaining assets to the Binance exchange on May 28, 2026, to exit its positions following a prolonged period of underperformance relative to their initial entry points. The total realized loss for these specific trades is estimated at $16.29 million, marking a significant capitulation by the institutional player.
Details of the On-Chain Liquidation
The final phase of the sell-off occurred approximately one hour ago, involving the movement of large volumes of decentralized finance (DeFi) tokens to centralized liquidity. According to the transaction records, the following assets were moved:
- 2.705 million UNI tokens, valued at approximately $21.71 million.
- 114,000 COMP tokens, valued at approximately $6.13 million.
This move represents the total clearance of these assets from the firm's known digital wallets. The use of Binance as the destination suggests an immediate conversion into stablecoins or other liquid assets to prevent further exposure to price volatility in the DeFi sector.
Analysis of Entry Points and Market Performance
The financial setback stems from high-level entries made during a market rebound in July 2023. At that time, Trend Research accumulated a total of 5.41 million UNI at an average cost basis of roughly 6.5 USDT, alongside 228,700 COMP at an average acquisition price of 62.3 USDT.
However, market conditions in May 2026 led the institution to begin a phased exit. The average selling price for the Uniswap tokens was approximately 8.3 USDT, while Compound tokens were liquidated at an average of 53.4 USDT. Despite the UNI price technically sitting higher than the July entry, the cumulative weight of the portfolio's timing and the sharper decline in COMP's valuation resulted in the multi-million dollar deficit.
Institutional Activity in the DeFi Sector
The exit of a secondary investment institution like Trend Research highlights the current challenges faced by institutional holders in the Ethereum-based lending and governance token markets. While UNI and COMP remain benchmarks for the DeFi ecosystem, price action has struggled to maintain the momentum seen during previous recovery cycles.
Trend Research has cut losses and liquidated UNI and COMP, realizing a total loss of $16.29 million after moving the final batch of assets to Binance - reported on-chain analyst Yu Jin during the monitoring of the entity's wallet addresses.
In conclusion, the liquidation by Trend Research serves as a notable example of institutional risk management and capital reallocation within the volatile cryptocurrency market. By realizing a $16.29 million loss, the firm has completely closed its exposure to these specific protocols, reflecting a broader trend of portfolio rebalancing among secondary market participants in the current fiscal quarter.
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