SharpLink Gaming Don Buy 10,000 ETH, SBET Shares Don Skyrocket
SharpLink Gaming don do two big Ethereum buys, dem boost dia ETH stash and make serious money. Within six hours, the company buy 21,487 ETH, make floating profit of about $79.9 million. For July 10, dem do OTC deal for 10,000 ETH wit Ethereum Foundation at average price $2,572.37 per token. Co-founder Joseph Lubin talk say dis move show SharpLink commitment to decentralisation, with plans to stake and restake tokens to cut down circulating supply. Ethereum Foundation confirm say the money go fund core work, protocol development and community grants. After the announcement, SBET shares jump 10% for pre-market trading, close at $21.65 and lift market cap to about $1.55 billion. Analysts see these buys as sign of growing institutional interest and better chance for ETH price and market stability.
Bullish
SharpLink big ETH buy dem plus OTC deal show say institution dem get strong confidence for Ethereum. Dem combine buy 31,487 ETH wey reduce short-term selling pressure and support ETH price. Staking commitment go further reduce circulating supply, make long-term bullish momentum stronger. The 10% jump for SBET shares reflect positive market feeling. All these factors gather mean say ETH dey under upward pressure, wey back short-term rallies and sustained growth.