Whales and SharpLink Continue Accumulating Ethereum Following Recent 15% Price Correction

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.