SharpLink Gaming Boost Ethereum to 480K Amid Valuation
SharpLink Gaming don dey increase dia Ethereum collection sharp sharp, dem add 30,755 ETH for early August to make dia treasury reach 480,031 ETH (about $1.65 billion). Di money wey dem use na from private placements and share issuances, and all di money dey staked to earn passive yield. Di main people now na co-CEO Joseph Chalom and chairman Joseph Lubin. Analysts split: some talk say demand from institutions for Ethereum strong, others dey warn say SharpLink stock dey trade almost four times di ETH value, which fit bring premium risk. Dem bin dey lead corporate ETH holders small time, now dem dey second after Bitmine Immersion Technologies (625K ETH). On-chain data — including $108.6 million USDC wey dem send to Galaxy Digital’s OTC desk — dey show say dem go buy more ETH. Meanwhile, Ethereum dey trade near $3,406, e near e 200-day SMA at $3,222; if e bounce pass $3,600–3,700, e fit bring back bullish momentum. Traders suppose watch SharpLink accumulation pace, valuation premium and Ethereum critical support levels when dem wan plan positions.
Bullish
SharpLink dem dey buy plenty Ethereum and dey stake aggressively to show say institutional demand strong and on-chain signals dey bullish. Dem don build $1.65 billion ETH treasury plus secure passive yield wey go support long-term fundamentals, and recent big USDC transfer mean say dem still dey accumulate more. Di correction wey dey near di 200-day SMA na healthy pullback dem see am, and if e bounce pass $3,600–3,700, e fit kindle di upward momentum again. For short term, traders fit expect support around $3,200; for long term, di growing corporate reserves and staking yields go maintain better outlook for Ethereum.