SharpLink Wallet Sends 4,364 ETH to OKX Ahead of Q3 Call

Overview

• On-chain tracker Lookonchain flagged 4,364 ETH, worth about $14.47 million, moving to OKX on Nov. 7 from a wallet linked to SharpLink.
• The same wallet withdrew 5,284 ETH in total, leaving roughly 791 ETH inactive in a recipient address, according to the tracker.
• SharpLink has not issued a statement on the activity, and any sale or treasury reallocation remains unconfirmed.
• SBET fell about 8% on Friday and more than 12% over the past week, while mNAV hovered near 0.82, signaling a discount to the company’s ETH holdings.
• ETH has dropped roughly 25% over the past month on macro pressure, increasing market sensitivity to potential large treasury moves.