According to on-chain analyst Ember monitoring, the address that should belong to the ETH reserve institution continued to hoard 15,846 ETH (55.34 million USD) and deposit it as a pledge 7 hours ago. This institution is hoarding ETH through the institutional trading platform mentioned below. They started from 8/1 and hoarded a total of 41,452 ETH (148 million USD), with an average price of about 3,575 USD.
After receiving the ETH, they all deposit the PoS pledge through Figment, much like SharpLink Gaming (SharpLink (SBET) also has a considerable amount of ETH pledged through Figment).
This address may belong to SharpLink, and whether SharpLink will issue an announcement on the number of ETH reserves next time can be calculated.
Suspected to belong to the ETH reserve institution address 7 hours ago continued to hoard 15,846 ETH and deposit it as a pledge, worth $55.34 million
2025-08-04 01:11:50
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