When a NASDAQ-listed company places nearly half a billion dollars into one of the top cryptocurrnecy, people take notice. Today the crypto world is buzzing with just one question: why is Ethereum price increasing today?
A big reason could be SharpLink Gaming’s unexpected but strategic move into this second largest cryptocurrency. This NASDAQ-listed company (SBET) has acquired a staggering 188,478 tokens, worth approximately $493.6 million as of June 23, 2025.
This SharpLink Ethereum investment was confirmed by Dodi Handy, VP of Corporate Communications at the company, who announced the details via her verified X profile.
The purchase, completed between June 16 and 20, saw 12,207 coins bought at an average price of $2,513.
So if you're wondering why this coin is surging, here's one answer: a public company just became one of the largest ETH new whales.
What makes this move more than just another buy is the follow-through. According to official reports, 100% of this gaming firm's holdings are staked in ETH network.
Since launching its ETH-focused treasury model on June 2, 2025, the company has generated 120 coins in staking rewards. This aggressive staking strategy has delivered measurable results: SharpLink now reports an 18.97% growth per share, showing real-time treasury performance gains.
It’s a prime example of ongoing institutional adoption — but with real, active participation via staking, not just passive holding.
It is currently trading at $2,464.74, up 10% in the past 24 hours, with trading volume soaring 26.23% to $26.98B, according to CoinMarketCap. This is one of the biggest price surges today, catching the attention of retail traders and analysts alike.
Part of the reason why the price is increasing is heavy whale accumulation, as pointed out by analyst account CryptoGoos, who stated:
“We’ve never seen whales accumulate $ETH this aggressively before.”
Source: X
Top traders are getting vocal. Christiaan, a Bybit partner, wrote on X while sharing a chart:
“$ETH is ready for $3,000+. Don’t be sidelined!”
This feeling is taking hold while the ongoing Ethereum whale accumulation and resistance levels are reached at top.
As per the TradingView chart analysis, important factors are:
Key Resistance: $2,600
Support Zone: $2,300
Breakout Point: $2,500+
Risk Floor: $2,200
ETH Price Prediction $3000: Possible if trend holds
These technical levels align with the current Ethereum price prediction for 2025, especially if more institutions follow SharpLink’s model. As a crypto analyst monitoring this space daily, I see this as a convergence of both technical and macro conviction—rare, but surely powerful.
The numbers are all here. This massive staking by SharpLink is now fully active, whales are buying at scale, and volume is increasing in the on-chain space, we may be watching the next big step in institutional adoption of this coin.
Whether you’re watching for short-term gains or long-term trends, this Ethereum price surge today reshapes the cryptocurrnecy narrative: from a speculative asset to a strategic, income-generating treasury tool.
If this continues, the firm won’t just be remembered for buying—but for showing Wall Street how to make the ETH work.
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.