SharpLink Wallet Deposits 4,363.5 ETH to OKX Exchange

Blockchain data shows a whale wallet previously tagged as #SharpLink redeemed and deposited tens of millions in ETH, though SharpLink denies any link to the address.

ETH

Fact Check
The assessment is based on two high-authority and highly relevant sources that directly corroborate the statement. A major crypto publication, Decrypt, and a crypto data analytics site, CryptoRank, both explicitly report that a wallet identified with SharpLink made a significant Ethereum deposit to the OKX exchange. The Decrypt article further bolsters its credibility by citing 'Arkham data,' a primary on-chain analytics platform, as the source of the information. The other sources provided have very low to zero relevance; they mention the entities involved but provide no details about the specific transaction, and therefore do not contradict the primary evidence. The consistency and high quality of the supporting sources, with no conflicting information, make the statement highly likely to be true.
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Summary

Onchain Lens reported that a whale or institution redeemed 9,026 ETH valued at $31.05 million and deposited 7,665 ETH worth $26.37 million to OKX and Bybit. The wallet involved had been previously tagged as #SharpLink, but SharpLink publicly denied any association with it. The movement represents significant on-chain transfers across multiple exchanges, underscoring large-scale liquidity shifts in Ethereum markets.

Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
  • OKX Exchange: A global cryptocurrency trading platform offering spot, futures, and DeFi services.
  • Bybit: A cryptocurrency derivatives exchange offering trading in perpetual contracts, futures, and spot markets.