After 8 months of silence, Sharplink received 5,000 ETH from FalconX, worth approximately $7.85 million.

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Golden Finance reported that on June 26, according to on-chain analyst Ember monitoring, Ethereum treasury company Sharplink received 5,000 ETH (approximately $7.85 million) from FalconX today, about 8 months after its last ETH purchase.
As of now, Sharplink holds a total of 876k ETH, with a current market value of approximately $1.37 billion, an average cost of $3,609. Based on the current price, the floating loss is about $876k, a loss rate of 56%.
The timing is quite noteworthy.
Just three days ago (June 23), Sharplink, together with Bitmine and Ethereum co-founder Joseph Lubin, established the non-profit organization Ethlabs, positioned as a new institution to take over some functions of the Ethereum Foundation.
Sharplink then resumed ETH purchases on June 26. The market generally speculates whether this move is intended to provide endorsement support for Ethlabs.
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