SharpLink Gaming Surges to 362nd in Daily Rankings with $288 Million Turnover

On June 11, 2025, SharpLink Gaming (SBET) saw a significant surge in trading volume, with a turnover of $288 million, marking a 127.01% increase from the previous day. This surge placed SharpLink Gaming at the 362nd position in the daily stock market rankings. The stock price of SharpLink Gaming rose by 9.09%, marking the second consecutive day of gains, with a total increase of 25.96% over the past two days.

SharpLink Gaming recently announced a 1-for-12 reverse stock split, effective from May 1, 2025. This corporate action means that shareholders now hold one share of SBET for every twelve shares they previously held. The reverse split is aimed at helping the company meet Nasdaq's minimum bid price requirement, which is crucial for maintaining its listing on the exchange.

This strategic move by SharpLink Gaming is part of its efforts to regain compliance with Nasdaq's listing standards. The company has been granted an extension by a Nasdaq hearing panel to address the compliance issues and ensure that it meets the necessary criteria to continue trading on the exchange.