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Time Details
2025-11-19
01:27
SharpLink Moves 5,442 ETH ($17.02M) to Galaxy Digital OTC Wallet — 861K ETH Treasury at $3,609 Cost Raises Potential ETH Sell-Side Watch

According to @EmberCN, SharpLink transferred 5,442 ETH (about $17.02M) into a Galaxy Digital OTC wallet roughly 4 hours ago with an on-chain link provided (source: @EmberCN). The post states SharpLink holds about 861,000 ETH in its Ethereum treasury with an average cost basis of $3,609, implying approximately $430M in unrealized losses at current prices (source: @EmberCN). The author asked whether this OTC move signals a partial ETH sale, suggesting any transaction could occur off-exchange via an OTC desk (source: @EmberCN). For trading monitoring, the cited SharpLink address and the referenced Galaxy Digital OTC wallet can be tracked for subsequent inflows or outflows to gauge potential follow-through supply (source: @EmberCN).

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