Ethereum Foundation Don Give SharpLink 10,000 ETH for Web3 Gaming
For July 10, 2025, Ethereum Foundation carry out OTC transfer of 10,000 ETH (about $18 million at average price of $2,572) go SharpLink Gaming wey dem trade for market. Na di biggest direct corporate ETH buy dem do. Dis 10,000 ETH na grant and treasury buy wey go help boost SharpLink social play-to-earn gaming platform for Ethereum. Di money go help increase Layer 2 infrastructure, make user onboarding better, grow di NFT economy, and add more staked ETH for network security and decentralization. Di announcement raise SharpLink stock by 50%, ETH price jump over 6% near $2,998 with volume steady up. Dis big deal show how institutional people dey adopt Ethereum, how e take help corporate treasury arrangements, and e confirm Ethereum Foundation commitment to Web3 gaming plus decentralized finance.
Bullish
Di 10,000 ETH wey di Ethereum Foundation transfer go SharpLink Gaming na serious commitment from institution, e dey cause immediate rise for price and volume for ETH. For short term, the deal make price jump 6% and SharpLink stock increase by 50%, wey show say market confidence don rise well well. For long term, di money dem allocate go support Layer 2 scaling, NFT adoption, plus more staking, Wey all dey strong Ethereum network base and make company treasury more attractive. This mix of immediate market impact plus growth factors make the outlook for ETH correct and bullish.