Ethereum reserve company SharpLink Gaming has increased its holdings by 14,933 ETH through Galaxy Digital starting from today (2nd) early morning, worth approximately $53 million. According to on-chain data analyst Ai Yi's monitoring, an on-chain whale also received 16,495.15 ETH from Galaxy Digital this morning, amounting to about $58.5 million. (Background: Arthur Hayes sold $13.35 million worth of cryptocurrencies: Bitcoin will test $100,000, Ethereum will drop to $3,000) (Background: Massacre! Bitcoin fell below $113,000, Ethereum lost $3,500, with a total liquidation of $1 billion across the network) Affected by the latest non-farm data from the U.S., the cryptocurrency market collectively dropped this morning (2nd), with Bitcoin dipping below $113,000 and Ethereum losing $3,500, reaching a low of $3,430. However, during the market decline, on-chain data shows that institutions and whales continue to accumulate Ethereum. SharpLink Gaming has increased its holdings by 14,933 ETH. According to Ember's monitoring, Ethereum reserve company SharpLink Gaming has again increased its holdings through Galaxy Digital, acquiring 14,933 ETH worth approximately $53 million. At the same time, after receiving these tokens, SharpLink Gaming transferred $55.56 million USDC back to Galaxy Digital to continue purchasing ETH. Over the past 7 hours, SharpLink Gaming deposited $108 million USDC and transferred it to Galaxy Digital, and has now purchased 14,933 ETH (worth $53 million). They transferred $53 million USDC to Galaxy Digital 7 hours ago and received 14,933 ETH 2 hours ago, with a purchase price of $3,550. After receiving the ETH, they transferred another $55.56 million USDC to Galaxy Digital to continue buying ETH. Since early June, SharpLink Gaming has been accumulating ETH in a micro-strategy operational model, purchasing a total of 464,000 ETH to date, currently valued at $1.62 billion. The average purchase price is approximately $3,029, with an unrealized profit of $214 million. @SharpLinkGaming has deposited 108 million USDC and transferred it to Galaxy Digital in the last 7 hours, currently having bought 14,933 ETH (worth $53 million). They transferred $53 million USDC to Galaxy Digital 7 hours ago, then received 14,933 ETH 2 hours ago, with a purchase price of $3,550. After receiving the ETH, they transferred $55.56 million USDC back to Galaxy Digital… https://t.co/Z0cwbRkuwM pic.twitter.com/tPRV3HMY9F — Ember (@EmberCN) August 2, 2025 On-chain whales are accumulating against the trend. Beyond institutions, the whales' actions are even larger. According to on-chain data analyst Ai Yi's monitoring, an on-chain whale (wallet address 0xdf0…e2EF3) has accumulated 79,461.38 ETH in three days, costing about $299 million, though currently showing a paper loss of $22.06 million. Part of this accumulation came from this morning when the price of Ethereum dropped to a critical support level, with the address receiving 16,495.15 ETH from Galaxy Digital, amounting to about $58.5 million, reducing the average holding price to $3,763.53. This reflects that large capital is absorbing ETH amid the fluctuations. The more it drops, the more they buy, a ruthless accumulation machine. The new address 0xdf0…e2EF3 has accumulated a total of 79,461.38 ETH ($299 million) over the past three days, currently showing a paper loss of $22.056 million! Among them, just 3 hours ago, during the drop, they received 16,495.15 ETH from Galaxy Digital (about $58.5 million), reducing the overall position's average price to $3,763.53. Wallet address https://t.co/UpRLRWiCjO… https://t.co/3Vg7ycp5KK pic.twitter.com/Br268QMqIp — Ai Yi (@ai_9684xtpa) August 2, 2025 Related reports: Will Ethereum almost never be born? Brian Armstrong revealed: once invited Vitalik to join Coinbase, but missed due to U.S. visa issues. Looking ahead to the next decade: Ethereum still has 100 times the growth potential. The Ethereum Foundation releases a blueprint for the next 10 years: unlock ETH million TPS, create a quantum security line, and implement three upgrades to the protocol. "Ethereum Buy Orders: SharpLink Gaming increased its holdings by 14,933 ETH, with on-chain whales spending $300 million on purchases." This article was first published on BlockTempo (the most influential blockchain news media).

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