"SharpLink transfers 5442 ETH to Galaxy Digital OTC wallet…worth about $17.02 million"
Minseung Kang
Summary
- SharpLink reportedly transferred 5442 ETH to Galaxy Digital's OTC wallet.
- The transferred ETH is worth about $17.02 million.
- SharpLink said it has incurred a valuation loss of about $430 million due to recent declines in Ethereum's price.
SharpLink, which holds a large amount of Ethereum (ETH), was found to have moved thousands of ETH to an external wallet.
On the 19th, cryptocurrency-focused media BlockBeats reported that the on-chain monitoring account Amber CN said the SharpLink address transferred 5442 ETH to Galaxy Digital's OTC wallet about 4 hours earlier. This is about $17.02 million.
SharpLink is an 'ETH treasury'-type company that manages Ethereum as a financial asset and holds a total of 861,000 ETH. The average purchase price is $3,609, and due to the recent decline in Ethereum's price, it has suffered a valuation loss of about $430 million.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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