Ethereum’s Wild Ride: $4,000 in Sight After SharpLink’s Mega Purchase! 🚀💰

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Oh, dear reader, gather ’round and let me regale you with a tale as fantastical as a midsummer night’s dream, but with a twist of blockchain and a sprinkle of crypto magic. Ethereum, the ever-charming and occasionally mischievous cryptocurrency, is showing signs of strength that would make even the most skeptical of bears break into a dance. Yes, indeed, it has risen 4% in the last 24 hours and is now eyeing the grand and illustrious threshold of $4,000. 🌠

But wait, there’s more! This surge is not just a fleeting fancy; it’s backed by none other than SharpLink Gaming, the largest ETH treasury holder, who has decided to add a cool $295 million worth of ETH to their already impressive stash. This, my friends, is like a king deciding to expand his castle just because he can. As a result, the ETH bulls, those brave and determined souls, have been reactivated, and the daily trading volume has soared by 35% to over $33 billion. Imagine that, a volume so vast it could fill the skies with clouds of gold! 💰✨

Ethereum is now approaching the critical resistance of $4,000, a barrier so formidable that crossing it would set the stage for a rally to new all-time highs. This is a bold move, especially considering the current concerns surrounding $2.6 billion in ETH unstaking. But, oh, what’s a little unstaking when you have the might of SharpLink behind you? 🤷‍♂️

The market dominance of Ethereum has climbed to about 12%, a level not seen in five years, according to the wise and observant crypto analyst Rekt Capital. The last time ETH dominance reached this threshold was in the balmy month of July 2020. A mere coincidence? I think not! 🕵️‍♂️

$ETH Dominance

Ethereum Dominance has increased to ~12% for the first time in 5 years

In fact, last time ETHDOM rallied to 12% was exactly 5 years ago in July 2020

ETHDOM is now challenging to transition into the green circled phase#ETH #Crypto #Ethereum

— Rekt Capital (@rektcapital) July 27, 2025

The market dominance surged all the way to 19% during the bull run of 2021. If Ethereum price follows this historical pattern, we could witness fresh all-time highs sooner rather than later. Rekt Capital notes that Ethereum is now attempting to break into a historically significant zone, marked as the “green circled phase.” This will allow ETH to lead the broader altcoin market rally moving forward. 🚀

SharpLink Gaming Buys 77,210 ETH

Nasdaq-listed SharpLink Gaming (NASDAQ: SBET) has purchased an additional 77,210 ETH worth approximately $295 million, further solidifying its aggressive ETH treasury strategy. This single ETH purchase exceeds the total ETH issued in the last 30 days, at 72,795 ETH. On-chain data reveals that SharpLink Gaming has staked a significant portion of the newly acquired ETH.

With this move, SharpLink’s total Ether holdings have surpassed 438,000 ETH, valued at over $1.69 billion at current prices. Following its latest purchase, SharpLink now stands at the second spot after Tom Lee’s BitMine Technologies, which holds 566K ETH, according to data from Strategic ETH Reserve.

Institutional inflows into ETH have skyrocketed, with BlackRock Ethereum ETF seeing $1.8 billion in inflows last week alone. Moreover, with the growing demand for ETH treasuries, public firms are accumulating in significant numbers. 🏦💼

Snorter Bot Presale Fundraise Approaches $3 Million

While Ethereum is making headlines, the demand for Solana meme coins like Snorter Bot (SNORT) is also on the rise as the project nears $3 million in presale fundraising. It is among the best crypto presales currently in the market, with strong demand for SNORT tokens.

The Snorter Bot project aims to tackle major security threats such as rug pulls, honeypots, and MEV attacks. Built on Solana for high-speed execution, the bot is designed to outpace MEV bots and large-scale traders.

Current presale update for SNORT token:

  • Token price: $0.0995
  • Total funds raised: $2.499 million

Token ticker: SNORT

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2025-07-28 18:22