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SharpLink’s Wild Ride: Stock Soars & Crashes After $400M Ethereum Treasury Gamble
SharpLink’s Wild Ride: Stock Soars & Crashes After $400M Ethereum Treasury Gamble
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SharpLink just gave traders whiplash—pumping then dumping after a nine-figure crypto play.
The $400M bet that shook the markets
Investors scrambled when the firm announced plans to convert a chunk of its reserves to ETH. The initial 18% surge proved fleeting—shares cratered 11% by afternoon as Wall Street skeptics piled on.
DeFi goes corporate (for better or worse)
The move signals growing institutional appetite for crypto treasury strategies—though critics called it "a hedge fund's midlife crisis packaged as innovation."
One analyst quipped: "Nothing says 'conviction' like panic-selling your own headline."
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