Sharplink buys ETH after 8-month pause as token hits 2026 low
In May, Sharplink CEO Joseph Chalom named three catalysts that could push up the price of Ether, some of which have begun to materialize.
Ether treasury company Sharplink has bought Ether for the first time in eight months as the token sank to its lowest price this year on Thursday.
On-chain data from Arkham shows a wallet associated with Sharplink received 5,000 Ether (ETH), worth $7.85 million, from crypto prime brokerage FalconX on Thursday. The last time it received Ether from FalconX was on Oct. 26, when it bought $78.3 million worth of ETH.
The purchase comes as Ether hit $1,537 on Thursday, its lowest price in 2026. The latest purchase could suggest a revival of the company’s active Ether accumulation strategy.
