Ethereum Whale Moves Suggest Diverging Market Sentiments Amid Macroeconomic Uncertainty

Key Points

1. SharpLink Gaming acquired over $100 million worth of ETH, reflecting confidence in Ethereum's long-term value despite short-term volatility.

2. Arthur Hayes sold 2,373 ETH (~$8.3 million), 7.76 million ENA tokens (~$4.6 million), and nearly 39 billion PEPE tokens (~$414K), citing macroeconomic risks like the U.S. tariff bill and weak Non-Farm Payroll data.

3. Ethereum's price was approximately $3,490, down 0.5% in 24 hours but up 150% since April lows, with Galaxy Digital CEO Mike Novogratz remaining optimistic about its potential.

4. Bitcoin traded near $114,058, with analysts monitoring the $113,000–$111,000 support level.

5. Macroeconomic indicators like U.S. job growth and tariff policies directly influence crypto whale behavior, leading to divergent market actions.