🚀 ETH Whales Keep Accumulating: SharpLink Gaming Adds 80K $ETH Last Week! From July 14 to 20, SharpLink Gaming – one of the largest ETH wallets – made headlines by spending $258 million USD to acquire an additional 79,949 $ETH , at an average price of $3,238 USD per $ETH .
Amazingly, in just one week, the company's ETH reserves surged by 29%, reaching a total of 360,807 ETH valued at approximately $1.33 billion USD. This marks their largest ETH purchase to date!
And the story doesn't end there: SharpLink still has $96.6 million USD in unallocated cash from a recent stock offering, indicating they're ready to scoop up even more ETH in the near future.
Furthermore, SharpLink's total staked $ETH rewards have already reached 567 ETH since they began staking.
This move by the "whale" SharpLink clearly shows strong conviction in Ethereum's potential. Could this be a signal for an upcoming breakout rally? #Onchain #CryptoWhale #MarketAnalysis $ETH
SpaceX's Bitcoin wallet (Elon Musk's company) just made a notable move after three years of "silence."
Specifically, at 12 PM local time today, the Bitcoin wallet tagged as SpaceX executed a large on-chain transaction: transferring 1,308 $BTC (approximately $153 million USD) to an unidentified wallet with the address bc1q8... Currently, SpaceX still holds 6,977 $BTC , valued at an estimated $815 million USD. The company's last activity with this Bitcoin wallet was on June 10, 2022, when they transferred 3,505 $BTC (worth $102 million USD at that time) to the Coinbase exchange.
ETH continues its strong growth, outperforming BTC. The question is whether this trend will persist into the next week.
Will capital continue to pour into ETH, or will we start to see a shift towards other top altcoins?
Everything feels quite ambiguous. If the market simply repeated its 4-year cycle, then everything would be too predictable. But in reality, this game is in the hands of "whales," major exchanges, and even massive investment funds#MarketAnalysis #BTCvsETH $BTC $ETH