SharpLink Gaming, a Nasdaq-listed company known for its significant investment in Ethereum, has transferred over $17 million worth of ETH to Galaxy Digital’s over-the-counter desk. This move comes amidst sharp declines in Ethereum’s price and mounting unrealized losses, sparking speculation about potential portfolio adjustments. 5,442 ETH, valued at roughly $17.02 million, were moved through on-chain analytics platform Onchain Lens and data from Arkham Intelligence, approximately four hours before public disclosure. This transfer represents a fraction of SharpLink’s total holdings, which currently stand at around 861,000 ETH. 5,442 ETH represents a significant move in an environment where the cryptocurrency market is experiencing volatility. The transfer has led to concerns that SharpLink may be reducing its exposure during this period of intense market fluctuations.