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SharpLink Gaming Stock Plummets 71.69% in Two Days Amidst $462.9 Million Ethereum Acquisition Trading Volume Ranks 222nd
Generated by AI AgentAinvest Volume Radar
Friday, Jun 13, 2025 7:46 pm ET1min read
On June 13, 2025,
(SBET) experienced a significant decline, with its stock price dropping by 71.69% over the past two days, marking a total decrease of 75.16%. The trading volume for reached 4.32 billion, ranking 222nd in the day's market activity.SharpLink Gaming Inc. announced the acquisition of 176,270.69 ETH for $462.9 million, which triggered a substantial sell-off in the market. This news led to a sharp decline in the company's stock price, as investors reacted to the significant investment in Ethereum.
Despite the sharp decline, some retail investors saw this as an opportunity to buy the dip, hoping to capitalize on the potential rebound in the stock price. This buying activity, however, did not prevent the stock from continuing its downward trend.
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