SharpLink ramps up ETH buys during dips, now holding over $446M in assets
Institutional wallets mimic SharpLink’s strategy amid ETH price swings
Ethereum rebounds fast from geopolitical jitters, with whales staying firm
SharpLink has acquired 176,271 ETH worth $446.2 million, making it the largest publicly tracked holder of Ethereum. The firm’s accumulation strategy signals deep conviction, as holdings grew steadily through volatile price cycles spanning late 2023 to mid-2025.
SharpLink's Long-Term ETH Strategy Defies Market Swings
SharpLink's Ethereum wallet—now confirmed via on-chain tracking by CryptoQuant—shows consistent accumulation from November 2023 to June 2025. According to a report by CryptoQuant, the firm purchased 176,271 ETH for $462.88 million, currently sitting on an unrealized loss of $16.6 million. This reflects a high-stakes long-term treasury strategy rather than speculative moves.
https://twitter.com/cryptoquant_com/status/1934524801780977829
Charts highlight large ETH purchases during bearish dips under $2,000 and again post-breakout above $2,400. Despite the fluctuating Ethereum price, SharpLink avoided any major sales throughout the 20-month window. Their approach mirrors the kind of scale-based accumulation often seen with institutional investors betting on future upside.
Capital Deployment Peaks Amid Market Consolidation
During early June 2025, a massive buy pushed SharpLink’s wallet to its highest balance yet. The firm’s cumulative ETH cost rose steadily through bullish and bearish phases alike. This strategy appears designed to capitalize on volatility rather than be derailed by it.
SharpLink added heavily between March and May 2024 as Ethereum hovered between $2,000 and $3,000. Even as the asset dipped below $2,000 in Q1 2025, purchases continued. This behavior, displayed in the bottom-left chart, reinforces the thesis that institutional actors are increasingly viewing the cryptocurrency as long-term digital collateral.
Whales Mirror SharpLink With Multi-Billion Dollar Accumulations
SharpLink’s actions align with wider on-chain behavior. Santiment data showed that wallets holding 1,000 to 100,000 ETH added 1.49 million ETH in 30 days, bringing total holdings to 41.6 million ETH. That translates to $3.8 billion in fresh accumulation despite volatile price action.
Similarly, CryptoGoos charted the biggest whale net position increase since 2018. Whales holding 1K–10K ETH turned from distributing to accumulating, pushing supply held from 13M to 16M ETH as prices climbed back above $3,000. These consistent inflows are reinforcing Ethereum’s upward pressure even as retail interest lags.
Geopolitical Fear Triggers Dip, But Ethereum Rebounds Quickly
After rising tensions between Israel and Iran, the cryptocurrency dropped to $2,534 as markets reacted to global instability. According to reports, Trump asked Americans to leave Tehran, citing Iran's nuclear noncompliance, while Israel encouraged U.S. assistance.
The Bitcoin recovered to $2,617 despite the turmoil, demonstrating its tenacity. There were no outflows from institutional wallets like SharpLink's, indicating that strong hands are still unaffected by transient macro shocks. Ethereum remains positioned strongly, underpinned by whale conviction and strategic inflows.
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