According to Lookonchain, SharpLink (@SharpLinkGaming) invested $462.95 million to acquire 176,271 ETH at an average price of $2,626 per ETH. This substantial purchase signals growing institutional confidence in Ethereum and could influence ETH price volatility and liquidity in the short term. Traders should monitor ETH price reactions and potential follow-on institutional interest, as large-scale acquisitions like this often drive increased trading volumes and impact price support levels. Source: Lookonchain via Twitter, June 13, 2025.

According to Lookonchain, SharpLink (@SharpLinkGaming) has acquired 176,271 ETH for a total investment of $462.95 million, with an average purchase price of $2,626 per ETH (source: Lookonchain, June 13, 2025). This large-scale accumulation signals strong institutional interest in Ethereum and is likely to impact short-term ETH price volatility and liquidity. Traders should monitor on-chain data for potential price support zones around the $2,626 level, as well as possible market reactions to further whale activity.