Coinspeaker
Dec 17, 2025
6 0

– SharpLink Gaming Names Joseph Chalom CEO, Holds 863K ETH Reserves – Ethereum Price Below $3,000 Amid SharpLink’s Leadership Transition – SUBBD Presale Exceeds $1.4M as Ethereum Consolidates

SharpLink Gaming, the second-largest Ethereum [ETH](https://holder.io/coins/eth/) treasury holder, has announced a leadership change. Joseph Chalom is now the sole CEO, as SharpLink deepens its focus on Ethereum treasuries. This transition coincides with Ethereum's price holding below $3,000.

  • SharpLink holds 863,424 ETH, acquired for $3.1 billion, making it the second-largest ETH treasury holder according to [Coingecko](https://www.coingecko.com/en/treasuries/ethereum).
  • The company has staked nearly all its ETH holdings, earning 9,241 ETH in rewards.
  • Institutional ownership increased significantly to over 30% in Q3.

Joseph Lubin, SharpLink chairman, mentions this positions the company to enhance partnerships and expand staking operations.

Ethereum Derivatives Market Analysis, Dec. 17, 2025 | Source: Coinglass

  • [Coinglass](https://www.coinglass.com/currencies/ETH/futures) indicates a 14.83% drop in ETH futures trading volume to $68.37 billion.
  • Open interest fell by 5.17%, suggesting cooling selling pressure after recent sell-offs.

Ethereum Price Outlook

Ethereum trades near $2,847, just above key support levels.

  • RSI nearing oversold territory at 35, indicating potential for short-term recovery.
  • Volume contraction suggests a possible consolidation or relief bounce.
  • A break below $2,850 could target $2,700 support; above $3,100 may lead to $3,300.

The market shows signs of balance due to stabilizing momentum and fading volume.