SharpLink Whale Alert: Is the Ethereum Bull Run Confirmed?
According to on-chain data, SharpLink Gaming bought more than 77,000 Ethereum last week, which is almost $296 million, and staked the whole sum right away. In the midst of a rebounding market, several other organizations have demonstrated aggressive Ethereum and other coin accumulation in addition to SharpLink Gaming.
EmberCN’s on-chain data indicates that SharpLink Gaming sent Galaxy Digital $145 million USDC. Galaxy Digital then moved these tokens to SharpLink Gaming after withdrawing 38,600 ETH from Binance.
The entire 77,206 ETH that SharpLink Gaming has amassed has been staked, which means that it is not available for Ethereum network rewards. Following this transaction, SharpLink Gaming’s total holdings as of July 22, 2025, were around 360,807 ETH, bringing their total to roughly 438,013 ETH.
SharpLink’s Ethereum Stash Surges Past 360K: What Are They Preparing For?
SharpLink Gaming may have a strong strategy and long-term ambition, as evidenced by its massive ETH purchase and staking. The platform made 567 ETH just 20 days after starting its ETH accumulation approach, and it now has over 360,000 ETH in its portfolio.
Significant ETH transactions were made by other organizations last week besides SharpLink Gaming. DeFiance Capital, a well-known investment fund, purchased 30,400 Ethereum for about $114 million. In another hint of strategic or personal accumulation, TRON founder Justin Sun withdrew 60,000 ETH from Binance.
Ethereum Whales Split: Some Accumulate While Others Prepare to Dump
Nonetheless, some market whales exhibit divergent strategies. Wang Chun, a co-founder of F2Pool, moved 5,000 ETH to Binance, presumably in anticipation of a sale or other financial activity. A CEX received 3,516 ETH from another whale. A significant disparity in short-term market expectations was also demonstrated by the fact that one address was found shorting $93 million worth of Ethereum with 20x leverage at a liquidation threshold close to $3,801.
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