SharpLink Gaming transferred $145 million USDC from Circle to Galaxy Digital for Ethereum acquisition, positively affecting the market.
SharpLink Moves $145 Million USDC to Galaxy Digital
SharpLink Gaming received a substantial **$145 million USDC** from Circle, which was quickly moved to Galaxy Digital. This transaction is part of SharpLink's strategy to acquire **Ethereum (ETH)**.
Ethereum Price Rises 4% Amid Acquisition Speculations
As a result of this capital movement, market speculations suggest a significant **Ethereum acquisition** by SharpLink, influencing a 4% increase in ETH's price over the last 24 hours.
History of Ethereum Purchases by SharpLink
SharpLink has a history of enhancing its Ethereum reserves through transactions with **Galaxy Digital**, typically following large USDC transfers.
Potential outcomes include shifts in **Ethereum's liquidity** and derivatives activities. Analysts suggest further institutional adoption could continue to steer Ethereum's market position positively.
