Ethereum News Today: Myriad Expands to Linea; SharpLink's $1.6B ETH Target, PUMP Needs 38% Surge, PENGU Eyes $2.5B Market Cap

Myriad Markets has expanded its prediction markets to Ethereum’s layer-2 network, Linea, offering users new opportunities to speculate on crypto-related events. Among the most popular markets this week are predictions about SharpLink Gaming’s potential Ethereum purchases and a Solana token price war between PUMP and Fartcoin (FARTCOIN). Predictors are also wagering on whether PENGU, a Solana-based token, will surpass a $2.5 billion market cap by the end of July.

SharpLink Gaming, a U.S.-based company that transitioned from a gambling marketing firm to an Ethereum treasury builder, has accumulated over 360,000 ETH ($1.3 billion) as of July 17. Myriad users are now betting on whether the firm will exceed 440,000 ETH by July 29, a threshold that would value its holdings at $1.6 billion. As of July 22, 66% of predictors on Linea’s beta market anticipate the firm will not reach this target, despite SharpLink’s public pledge to scale its ETH purchases to $6 billion. The market will resolve on July 28, with any announcement likely to occur on July 29 [1].

Meanwhile, Solana tokens PUMP and Fartcoin are locked in a high-stakes competition. Myriad’s prediction market, which opened on July 23, asks which token will achieve a larger market cap by mid-August. Fartcoin currently leads with a $1.4 billion valuation, compared to PUMP’s $1.02 billion, though PUMP has lost 48% since its initial coin offering. Predictors assign a 63% probability to Fartcoin retaining its lead, a view bolstered by PUMP’s 24% decline in the past 24 hours. A PUMP rebound would require a 38% price surge to match Fartcoin’s current level [1].

PENGU, the token linked to the Pudgy Penguins NFT ecosystem, is also in focus. After a recent 300% price rally, PENGU now trades near $0.04, with its market cap just shy of $2.5 billion. Myriad’s market asks whether it will cross this threshold by July 31. As of July 25, 59% of predictors believe PENGU will succeed, a sharp increase from 21% a week earlier. The token’s 34% gain in the last seven days has positioned it as the 55th-largest crypto asset by market capitalization [1].

These developments highlight Myriad’s role in channeling speculative activity toward emerging crypto narratives, from institutional ETH accumulation to meme-token rivalries. The platform’s expansion to Linea underscores the growing demand for prediction markets on Ethereum’s layer-2 infrastructure, while its focus on Solana tokens reflects the network’s vibrant but volatile ecosystem.

Source: [1] [title]Myriad Moves: Will SharpLink Buy More Ethereum? And PUMP vs Fartcoin, Who Wins?[/title] [url]https://decrypt.co/331676/myriad-moves-will-sharplink-buy-more-ethereum-pump-vs-fartcoin[/url]