[The largest 'whale' of ETH has changed hands, it's not the Ethereum Foundation, it's a Nasdaq company!]
SharpLink Gaming ($SBET) has surpassed the Ethereum Foundation to become the world's largest institutional holder of ETH, which has significant symbolic meaning and potential impact, possibly becoming a watershed event for 'on-chain asset equity'.
On July 14, according to on-chain data, the ETH holdings of the US-listed company SharpLink Gaming reached 270,000 units, surpassing the Ethereum Foundation (which holds 242,500 units of ETH) to become the largest institutional holder of ETH. After continuing to increase its holdings on July 15, its latest ETH holding number has reached 294,000 units.
I. What does the replacement of the largest 'whale' of ETH signify?