ETH Tug-of-War: SharpLink’s Buying Big, But OGs Are Cashing Out
It’s a tale of two moves in the ETH world.
SharpLink Gaming is doubling down — after announcing a massive 198,167 ETH buy (worth $517M) at an average of $2,608, they followed up today with another 2,738 ETH (about $7.09M) via OTC.
Wallet: 0xCd9e09B30d481cc33937CE33fEB3d94D434F5F75
But while the suits are buying, the OGs are hitting the exits.
Wallet 0xe592, an Ethereum early adopter who snagged 21,664 ETH at just $573 back in 2017–2018, deposited 4,123 ETH (worth $10.51M) to Gemini today — likely prepping to sell.
Wallet: 0xe5928C550B8d5b196db62687BeF741Ed627907FC
Smart money stacking? Or top signal from the old guard? You decide.