SharpLink’s $250M Volume Plunge 31.84% to Rank 455th Amid 0.95% Rally

On September 16, 2025, , . , ranking 455th in volume among listed equities. Market participants noted a subdued liquidity profile despite the modest upward movement in price.

Analysts observed that the reduced trading volume could reflect a temporary pullback in investor interest, though the firm’s core operations remain unaffected by recent macroeconomic shifts. The stock’s performance was not linked to sector-specific catalysts or earnings updates during the period. Technical indicators showed no significant divergence between short-term and long-term momentum metrics.

To run this back-test rigorously I need to pin down a few practical details: Market universe—Should we look at all U.S. listed common stocks ( + NASDAQ), or a different exchange / region? Do you want to exclude , ADRs, penny stocks (< $1), etc.? Entry & exit prices—Buy at today’s close and liquidate at tomorrow’s close (close-to-close)? Or buy at tomorrow’s open and exit at tomorrow’s close (open-to-close)? Position sizing—Equal-weight across the 500 names each day, or volume-weighted / dollar-weighted? Transaction costs & slippage—Should we include an explicit per-trade cost (e.g., 2 bps in/out) or assume frictionless trading? Once I have these points I can generate the data-retrieval plan and kick off the back-test.