"ETH MicroStrategy": SharpLink Leads Multiple On-Chain Addresses in Accumulating 391,000 ETH This Week, Worth Approximately $1.4 Billion

BlockBeats News, July 20 — According to EmberCN statistics, driven by massive net inflows into Ethereum ETFs and U.S. listed companies’ ETH reserve plans this week, ETH price surged from $3,000 to over $3,600. Several on-chain addresses have accumulated as much as 391,000 ETH through various channels this week, worth approximately $1.4 billion:

“ETH’s MicroStrategy” SharpLink Gaming purchased 88,800 ETH this week, valued at $293 million, with an average price of $3,305. Its total ETH reserves have now reached 358,000 ETH;

A whale accumulated 122,691 ETH via an exchange, worth $442 million, at an average price of $3,213;

Another whale accumulated 103,274 ETH via an exchange, worth $374 million, at an average price of $2,885;

Another whale accumulated 47,121 ETH via an exchange, worth $169 million, at an average price of $3,545;

A whale used 64.04 million USDT on-chain to purchase 18,557 ETH, at an average price of $3,451;

Another whale used 36.6 million USDT to purchase 10,882 ETH, at an average price of $3,363.