TechFlow news, on August 11, according to monitoring by analyst Yujin, a new wallet withdrew 52,809 ETH (approximately $220 million) from Coinbase Prime and distributed it across eight wallets for Ethereum staking. One of the receiving addresses has been identified as a known address of SharpLink (ticker: SBET).
SharpLink completed a $200 million stock financing last Friday (August 9). This ETH transfer may be related to the allocation of its raised funds. If true, SharpLink's current ETH holdings would reach 621,000 ETH, worth approximately $2.65 billion, with an average purchase price of around $3,226.
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