ETH Whale Divergence: SharpLink $100M Buy vs Hayes $8M Sale

Published: 2025-08-04 07:38:43 |

Ethereum whale activity shows mixed signals as two major whales move on ETH. SharpLink Gaming scooped up over $100 million in ETH during price dips, lowering its cost basis and underlining a long-term bullish stance on Ethereum. Meanwhile, BitMEX co-founder Arthur Hayes liquidated 2,373 ETH (≈$8.3M), 7.76M ENA tokens, and 39B PEPE tokens within six hours, blaming looming U.S. tariffs and weak July nonfarm payrolls. At the time, Ethereum traded near $3,490—150% above April lows—while Bitcoin hovered between $111K and $114K. Traders should watch Ethereum whale activity, macroeconomic indicators, and key support levels to navigate short-term volatility.

Neutral

This news represents a neutral impact on ETH markets due to offsetting whale activities. SharpLink’s $100M ETH purchase signals strong bullish sentiment and could support higher prices, while Hayes’s $8.3M ETH sale amid macroeconomic concerns adds selling pressure. In the short term, these opposing moves create volatility around key support levels ($3,000 for ETH, $111K–$114K for BTC). Over the long term, sustained whale buying may strengthen Ethereum’s trend, but ongoing macro headwinds warrant caution. Traders should monitor whale flows, economic data, and support zones before positioning.