Whales and SharpLink Continue Accumulating Ethereum Following Recent 15% Price Correction
Main Idea
Despite a 15% price drop in Ethereum (ETH), major whales and SharpLink Gaming continue to accumulate ETH, signaling strong institutional confidence in its long-term value.
Key Points
1. ETH experienced a 15% price correction, dropping to $3,354 on August 3, driven by broader market weakness and disappointing jobs data.
2. Whales acquired over 39,900 ETH tokens worth approximately $143 million within 24 hours, indicating strong market confidence.
3. SharpLink Gaming expanded its ETH holdings by purchasing 18,680 ETH tokens (worth $67 million), bringing its total ETH portfolio to $1.81 billion.
4. Institutional investors are accumulating ETH due to its strong fundamentals, network upgrades, and potential for long-term growth.
5. The price correction created a buying opportunity for whales and institutional players, reinforcing bullish sentiment toward ETH's future.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Despite a 15%
Latest News
- UK May Be Falling Behind in Stablecoin Market, Coinbase Adviser George Osborne Suggests2025-08-04 17:50:27
- $MAMO added to Coinbase roadmap2025-08-04 17:29:44
- Top Trader Hyper Exits All ETH Long Positions with $15,072.98 Profit2025-08-04 17:17:28
- Chainlink Data Streams Could Enhance Real-Time Pricing for Tokenized U.S. Equities and ETFs Across Blockchains2025-08-04 17:14:26
- CoinShares Files for Solana Staking ETF Amid Growing Interest and Redemption Risk Considerations2025-08-04 17:12:42