SharpLink Gaming (SBET) saw its stock soar 5.08% in pre-market trading on Monday, as part of a broader rally in crypto-related stocks. The company's shares were trading higher alongside other notable gainers in the cryptocurrency sector.

The surge in SharpLink Gaming's stock price may be attributed to recent developments in the Ethereum network and the company's increased involvement in ETH holdings and staking. According to recent reports, SharpLink Gaming has been among the listed companies increasing their Ethereum holdings and participating in staking activities. This move comes as the Ethereum PoS network sees significant activity, with a current exit queue of approximately 527,128 ETH and an entry queue of about 149,701 ETH.

The broader crypto stock market also showed strength in pre-market trading. Bit Origin led the pack with an 8% increase, while other notable gainers included BMNR (up 4%), BTCS and Strategy (both up 3%), and industry giants Coinbase and Circle (both up 2%). This widespread rally suggests a positive sentiment in the cryptocurrency market, potentially driven by regulatory optimism and increased institutional demand for digital assets.