SharpLink Gaming directly invested $296 million this weekend to purchase over 77,000 ETH, all of which have been staked!

Fund flows indicate that they withdrew coins from multiple exchanges through Galaxy Digital and then concentrated the ETH into their own wallet. Such a large-scale operation raises suspicions of insider information. This move may encourage more institutions to participate in ETH staking, leading to a further increase in the overall ETH lock-up rate, which could significantly impact market liquidity and is worth continuous monitoring.