Trend Research is a crypto-focused active investment firm that specializes in secondary markets and uses systematic analysis to identify and scale positions. Trend Research's Twitter Score is 21 out of 1000 as of September 2026, ranking #47,910 (top 10%) among 491,245 tracked accounts.
Trend Research was founded by Jack Yi (also known as Yi Lihua), who described it as an investment fund oriented toward secondary markets and structured to operate independently from LD Capital, with which it was formerly affiliated, due to differences in positioning, team composition, and fund structure. According to Jack Yi, the firm was funded principally with the team's own capital and was designed to function as a sustainable, cross-cycle evergreen fund.
Trend Research built a substantial leveraged position in Ethereum and Ethereum-ecosystem assets, including UNI and AAVE. In May 2025, Jack Yi publicly claimed a group of on-chain addresses attributed to the firm; per ChainCatcher, those addresses held 133,000 ETH valued at approximately $360 million at the time. The firm used ETH as collateral on Aave to borrow additional funds for further ETH purchases, adding leverage to the position. During a market decline in early February 2026, Trend Research began unwinding that leveraged position, with ChainCatcher reporting sales of roughly 200,000 ETH and citing on-chain analyst Yu Jin's estimate that losses had reached $763 million at that stage. By February 9, 2026, per BeInCrypto, Trend Research had sold its entire ETH position, reportedly realizing losses close to $750 million.
Trend Research has continued publishing crypto research following the ETH position unwind, with coverage in 2026 including analysis of WLFI, the USD1 stablecoin, and on-chain financial infrastructure. The account has accumulated 11,245 followers as of September 2026 and has published 270 posts. Trend Research has been mentioned by 14 accounts, with 32 total mentions.
Who follows Trend Research on X?
The accounts that follow Trend Research include 100 founders, 32 angel investors, 62 influencers and 10 VCs. Among them are Andrew Kang, Luca Netz, Tarun Chitra, Fiskantes, Seraphim and Awawat.