Since from last Friday n yesterday drop a lot. Any reason

SharpLink Gaming (SBET) experienced a significant drop of 20.38% on July 18, 2025, and another drop of 12.89% on July 21, 2025. The stock's decline can be attributed to several factors:

1. **Ethereum Market Dynamics**: SharpLink Gaming's stock is closely tied to the Ethereum market. The company has been aggressively accumulating Ethereum, becoming the largest corporate holder of Ethereum in the process. However, the recent volatility in the Ethereum market could have led to a sell-off in SBET shares as investors reacted to the market fluctuations.
2. **Increased Share Offering**: SharpLink Gaming recently filed a prospectus to increase its share offering by $5 billion, bringing the total amount of common stock that may be sold to $6 billion. This significant increase in share offering could have led to concerns about share dilution, causing investors to sell off their shares.
3. **Market Sentiment**: The overall market sentiment towards SBET has been negative. The company's focus on Ethereum investments has led to concerns about its valuation and business model. Some critics argue that SBET is more of an "Ethereum wrapper" than a company with a strong business model, which could have contributed to the negative sentiment.
4. **Technical Issues**: The stock's technical indicators are bearish, with a strong sell consensus among analysts. The recent decline in the stock price could be a continuation of the bearish trend.

In summary, the decline in SharpLink Gaming's stock price can be attributed to a combination of factors including the volatility in the Ethereum market, increased share offering, negative market sentiment, and technical issues.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|SBET|SBET.O|SharpLink Gaming|20250717|-2.6217|186|
|SBET|SBET.O|SharpLink Gaming|20250718|-20.3846|186|
|SBET|SBET.O|SharpLink Gaming|20250721|-12.8882|186|