SharpLink Goes Big: 11,259 ETH Move Marks Ethereum’s Decade of Dominance

Ethereum turns 10—and SharpLink just made a whale-sized bet on its future.

While traditional finance still debates blockchain's merits, this 11,259 ETH power play screams louder than any Wall Street analyst's PowerPoint. The network that birthed DeFi, NFTs, and a thousand 'web3' pitch decks isn't just surviving—it's attracting nine-figure confidence plays.

Funny how the 'bubble' keeps reinflating itself, isn't it?

Institutional Demand Accelerates

Standard Chartered reported that corporate treasuries have acquired 1% of Ethereum’s total supply since early June. Consequently, this buying spree has supported Ether’s strong price performance. 

The bank also predicted ETH could break above its $4,000 year-end target if inflows persist. Moreover, it expects treasury firms could eventually hold up to 10% of ETH’s total supply, driven by staking and DeFi benefits.

Ether Machine also celebrated Ethereum’s birthday with a $56.9 million ETH purchase. The company’s holdings ROSE to 334,757 ETH valued at over $1.2 billion. Besides, it allocated $407 million for future acquisitions. With ETH trading at $3,857.62 and up 2% in 24 hours, the market’s bullish momentum remains strong.

Also Read: Ether Machine Buys 15K ETH for $56.9M, Treasury Holdings Hit 334K