Amid Ethereum whale buying frenzy, SharpLink SBET staking records $1.38 million in revenue over a week

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The Ethereum market is heating up with large-scale accumulation movements by whale investors. Over the past three weeks, whales have consecutively purchased 9,34,240 ETH( worth approximately $3.15 billion), significantly boosting market sentiment.

What’s notable in this process is the counter-movement by small investors. During the same period, small wallet holders sold 1,041 ETH to realize profits, while institutional and whale groups continued their buying spree. This divergence ultimately resulted in an 8.5% increase in Ethereum’s price(, clearly reflecting a bullish market sentiment.

SharpLink’s ) token has directly benefited from this positive market environment. Through staking, it earned a profit of 446 ETH in just 7 days, amounting to around $1.38 million. If this trend continues, annual earnings could reach approximately $70 million.

As Ethereum’s staking ecosystem expands, interest from large holders is also increasing. The weekly profit of $1.38 million signifies more than just a number; it demonstrates the strong positive psychology in the market and the continuous inflow of institutional funds. It is important to watch how this trend develops.

ETH1,82%
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