The trading volume of SBET has been increasing recently. Will its stock price rise?

**The likelihood of an immediate stock price increase for SBET is low**, despite the recent increase in trading volume. Here's why:

1. **Recent Performance**: SBET's stock has experienced a significant drop of 5.7% on July 26, 2025, closing at $21.99. This recent decline indicates a cautious market sentiment.
2. **Market Sentiment**: The appointment of a new co-CEO from BlackRock has caused investor uncertainty, leading to a wait-and-see attitude. This sentiment is likely to persist until the company's plans under the new leadership are clearer.
3. **Ethereum Dynamics**: While SBET's aggressive Ethereum accumulation strategy has boosted its ETH holdings beyond 360,000, the immediate impact on the stock price is muted by the broader market's cautious stance.
4. **Trading Volume Analysis**: Although the trading volume has been increasing, the stock price has not shown a direct upward trend. For instance, on July 24, the trading volume was 47.78 million shares, with the stock price closing at $23.32. This volume did not translate into a price increase.
5. **Technical Indicators**: SBET has a mixed signal with 4 buy and 1 sell indicators. The current trend is considered downtrend, which has been ongoing since June 25, 2025, with a total price change of +113.91% during this period. However, the recent decrease in price and volume could signal a potential rebound, but this is not a guarantee of an immediate price increase.

In conclusion, while the increased trading volume may indicate investor interest, the prevailing market caution and recent price trends suggest that SBET's stock price is more likely to experience short-term volatility rather than an immediate rise. Investors should monitor the company's strategic developments and market sentiment closely before making investment decisions.