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A suspected SharpLink-related address withdrew 52,809 ETH, worth approximately $220.00M, from Coinbase Prime.

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#Crypto Stocks
吴说
340Words
Aug 11, 2025

According to @EmberCN monitoring, 10 hours ago, a newly created wallet withdrew 52,809 $ETH (approximately $220.00M) from Coinbase Prime, and then distributed it to 8 wallets for Ethereum staking, one of which is a known address of SharpLink. Considering that SharpLink just raised $200.00M through a stock sale last Friday, it is likely that they bought these funds into $ETH over the weekend. If true, SharpLink's current $ETH holdings may have reached approximately 621,000 $ETH, worth approximately $2.65B. [Wu Blockchain]

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