SharpLink (SBET) Tumbles 9.6% as Cryptos Fall on US-EU Trade Spat

We recently published 10 Stocks Investors Are Dumping. SharpLink Gaming Inc. (NASDAQ:SBET) was one of the worst performers on Tuesday.

SharpLink fell by 9.59 percent on Tuesday to finish at $9.94 apiece, mimicking the sentiment of the broader market, as investors parked funds to mitigate risks from the ongoing trade tensions between the US and the European Union (EU).

Over the weekend, President Donald Trump threatened to impose 10 percent tariffs on goods from eight countries opposing his planned takeover of Greenland. The tariffs will take effect on February 1 and could rise to 25 percent if a deal is not made on June 1. Meanwhile, the EU said that it would retaliate with $108 billion in levies on American goods.

The uncertainties rattled global markets, including trading in cryptocurrencies such as Bitcoin and Ethereum, as investors went in a wait-and-see mode for further developments.

SharpLink Gaming Inc. (NASDAQ:SBET) transformed from a traditional online gaming and sports betting company into one of the leading Ethereum holders. As of December 14, 2025, total ETH holdings ended at 639,241 and 224,183 locked in a staked form.

Last month, SharpLink Gaming Inc. (NASDAQ:SBET) appointed Joseph Chalom as its sole chief executive officer following the resignation of Rob Phythian as co-CEO.

While we acknowledge the potential of SBET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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