PANews reported on August 11th that on-chain analyst Yu Jin monitored a new wallet that withdrew 52,809 ETH ($220 million) from Coinbase Prime 10 hours ago. The funds were then distributed to eight wallets for staking. One of these wallets is a known address for SharpLink (SBET). SharpLink raised $200 million through a stock sale last Friday, so it's likely that the funds were converted into ETH over the weekend. If this speculation is correct, SharpLink (SBET) currently holds 621,000 ETH, worth $2.65 billion. The average purchase price is approximately $3,226.
SharpLink is suspected of buying all the $200 million it raised into ETH
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Author: PA一线
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