SharpLink (SBET) Falls 8% on Ethereum Decline

We recently published 10 Major Stocks Collapse. Sharplink Gaming Inc. (NASDAQ:SBET) is one of the worst performers on Thursday.

Sharplink dropped for a sixth consecutive day on Thursday, shedding 8.26 percent to end at $15.43 apiece, as investors sold off positions amid the decline in prices of Ethereum.

As of writing, the price of the cryptocurrency was down by 3.27 percent at $4,304.92 apiece amid ongoing market uncertainties.

In other news, investors also appeared to have sold off positions following the grant of restricted stock units to its co-CEO, Joseph Chalom.

Under the inducement award plan, Chalom received an award of time-based restricted stock units covering 295,590 shares and an award of performance-based restricted stock units covering 147,795 shares last August 27.

Each time-based award will vest over three years, with one-third of the units vesting on the first anniversary of Chalom’s employment commencement date and the remaining units vesting in equal quarterly installments over the next two years.

Chalom joined Sharplink Gaming Inc. (NASDAQ:SBET) on July 25. He boasts of 20 years of experience in digital finance innovations at BlackRock, including the launch of the iShares Ethereum Trust (ETHA), the largest Ethereum exchange-traded product with over $10 billion in current assets.

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Disclosure: None. This article is originally published at Insider Monkey.