Ethereum Breaks $3,400: Investors Split Between Accumulation and Profit-Taking

Ethereum (ETH) has surpassed $3,400 for the first time in over half a year, triggering mixed reactions from investors. Some are taking profits, while others are buying more ETH. SharpLink Gaming has significantly increased its ETH holdings, adding over 20,000 ETH valued at approximately $68.38 million, bringing their total to 321,000 ETH with an unrealized profit of $204 million. World Liberty Financial also acquired about $10 million worth of ETH. Meanwhile, Trend Research sold around $250 million worth of ETH after previously acquiring 184,115 ETH. Another whale sold off ETH for $278 million, but still holds about $117.5 million worth. Argot Collective, a non-profit, sold ETH for USDC, converting over 3,626 ETH into $11.2 million USDC.