ETH Soars Past $3k: Is This the Spark for a Massive Altcoin Season?
- Sharplink’s $600M ETH Buying Spree: A Game-Changer?
- SBET vs. ETH: The Stock That’s Beating Ethereum at Its Own Game
- $3,000 ETH: The Psychological Profit Zone
- ETF Inflows Signal Institutional Altcoin Appetite
- FAQs: Your Burning Questions Answered
Ethereum’s recent surge above $3,000 has reignited bullish sentiment across the crypto market, with Sharplink Gaming’s aggressive ETH accumulation and altcoin dominance shifts hinting at a potential alt season. The gaming-turned-crypto firm now holds 253,000 ETH, surpassing even the ethereum Foundation, while its stock (SBET) has skyrocketed 486% since its ETH treasury pivot. Meanwhile, ETH futures volumes briefly flipped Bitcoin’s, and ETFs are seeing record inflows. Here’s why traders are betting big on alts.
Sharplink’s $600M ETH Buying Spree: A Game-Changer?
Sharplink Gaming isn’t playing around—it’s doubled down on Ethereum with a jaw-dropping $600 million spending spree in under two months. Their latest OTC deal scooped up 21,487 ETH ($64.24M) via Galaxy Digital and BTCC Prime, following a 10,000 ETH purchase from the Ethereum Foundation. With an average buy price of $2,647, their 253,000 ETH stash is now swimming in $79M unrealized profits as ETH flirts with $3k. Not bad for a company that only pivoted to crypto in June!
SBET vs. ETH: The Stock That’s Beating Ethereum at Its Own Game
Here’s the kicker: Sharplink’s stock (SBET) has exploded 486% since its first ETH purchase, while ETH itself gained just 17%. It’s a trend mirroring MicroStrategy’s outperformance against Bitcoin—MSTR is up 44.86% YTD versus BTC’s 24.75%. But before you FOMO in, note that SBET trades at a steep premium: each share is backed by just $10.40 worth of ETH but trades at $21.50. Still, with ETH’s 17.75% weekly surge, Sharplink’s gamble is paying off… for now.
$3,000 ETH: The Psychological Profit Zone
Breaking $3k isn’t just a number—it’s a psychological milestone. Santiment data reveals 80% of all ETH (124.13M tokens) are now in profit above this level. This bullish sentiment is fueling altcoin season whispers, especially as ETH futures volume ($62.1B) recently topped Bitcoin’s ($61.7B) for the first time in months. Bitcoin’s dominance dip from 66% to 64.5% adds fuel to the fire.
ETF Inflows Signal Institutional Altcoin Appetite
July’s ETH ETF inflows ($1.10B) are already the third-highest ever, trailing only June 2025 ($1.16B) and December 2024 ($2.08B). As noted by BTCC analysts, this institutional interest aligns with retail traders rotating into alts. The question isn’t whether an alt season is coming—it’s how explosive it’ll be.
FAQs: Your Burning Questions Answered
How much ETH does Sharplink Gaming own?
As of July 2025, Sharplink holds 253,000 ETH acquired at an average price of $2,647, making it the largest non-exchange ETH holder—even surpassing the Ethereum Foundation.
Why is $3,000 ETH significant?
At this price, 80% of all circulating ETH enters profit territory per Santiment, creating a bullish feedback loop as holders are less likely to sell.
Are ETH ETFs outperforming Bitcoin’s?
Not yet, but July’s $1.10B inflows put ETH ETFs on track for their second-best month ever, showing growing institutional confidence.
