SharpLink transfers 5,442 ETH to GalaxyDigital, possibly in preparation for a sale.

2025-11-19 01:27

According to crypto analyst EmberCN, SharpLink transferred 5,442 ETH to Galaxy Digital's OTC wallet four hours ago, worth approximately $17.02 million at the current price, suggesting preparation for a sale.

SharpLink, an Ethereum treasury company, holds approximately 861,000 ETH at a cost of about $3,609, and currently has a paper loss of about $430 million.

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