Ethereum · CLARITY Act · US Senate · Cointelegraph
Sharplink picks up ETH after 8-month pause as token hits 2026 low
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In May, Sharplink CEO Joseph Chalom named three catalysts that could push up the price of Ether, some of which have begun to materialize.
Key facts
- On-chain data from Arkham shows a wallet associated with Sharplink received 5,000 Ether (ETH), worth $7.85 million, from crypto prime brokerage FalconX on Thursday
- The purchase comes as Ether hit $1,537 on Thursday, its lowest price in 2026
- Sharplink was founded in 2019 as an affiliate marketing service provider to the sports betting and gambling industries, but pivoted to become an Ethereum treasury company in June 2025, with Consensys
- The company now holds 876,285 ETH and ETH equivalents, which it has accumulated over time through active ETH purchases and staking rewards
Summary
Ether treasury company Sharplink has bought Ether for the first time in eight months as the token sank to its lowest price this year on Thursday. On-chain data from Arkham shows a wallet associated with Sharplink received 5,000 Ether (ETH), worth $7.85 million, from crypto prime brokerage FalconX on Thursday. The purchase comes as Ether hit $1,537 on Thursday, its lowest price in 2026. "I’m seeing genuine corporate accumulation conviction holding strong amid subdued price action,” Andri Fauzan Adziima, the research lead at Bitrue Research Institute, told Cointelegraph.