ETH Whale Divergence: SharpLink $100M Buy vs Hayes $8M Sale
Ethereum whale activity dey show mixed signals as two big whales dey move on ETH. SharpLink Gaming carry over $100 million worth of ETH as price fall, lower their cost basis and show say dem dey bullish long-term on Ethereum. Meanwhile, BitMEX co-founder Arthur Hayes sell 2,373 ETH (≈$8.3M), 7.76M ENA tokens, and 39B PEPE tokens within six hours, blame US tariffs wey dey come and weak July nonfarm payrolls. That time, Ethereum dey trade near $3,490—150% above April lows—while Bitcoin dey between $111K and $114K. Traders suppose dey watch Ethereum whale activity, macroeconomic indicators, and key support levels to manage short-term volatility.
Neutral
Dis news get neutral impact for ETH markets because some whale dem dey balance each other moves. SharpLink buy ETH for $100M wey show say market get strong bullish sentiment and fit help price go higher, but Hayes sell $8.3M ETH as macroeconomic wahala dey make selling pressure increase. For short term, these opposite moves dem cause wahala for key support levels ($3,000 for ETH, $111K–$114K for BTC). For long term, if whale dem keep on dey buy, e fit make Ethereum trend strong, but the macro headwinds still dey make person reason well. Traders suppose dey watch how whale dem dey move, economic data, and support zones before dem position.