According to on-chain monitoring platform Onchain Lens, SharpLink Gaming has purchased a total of 10,000 ETH over two days, worth approximately $15.73 million. The latest transaction involved 5,000 ETH (worth about $7.88 million). The entity now holds 886,285 ETH, valued at roughly $1.4 billion at current prices, with unrealized losses exceeding $1.7 billion—indicating an average cost far above the current market price.
Separately, a newly created wallet starting with 0x643 withdrew 9,050 ETH (worth approximately $14.31 million) from exchange FalconX, suggesting continued accumulation by whales or institutions. Such large on-chain transfers can temporarily affect market sentiment and warrant close monitoring of subsequent price action.
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