Attention: Is Ethereum Price at Risk? One of the First Ethereum Whales Has Been Selling ETH for Days!

BitcoinSharp declines in Ethereum It increased the selling pressure on all altcoins, especially on cryptocurrencies, causing major declines.

at this point ETH There were also large sales. One of these sales was made by Golem Network, which participated in the 2016 ICO.

A DeFi platform According to a post by Golem Network on-chain analyst EmberCN, it has sold $114.54 million worth of ETH in the last 37 days.

Golem Network received 820,000 Ethereum during its 2016 ICO Binance sold 36,000 ETH (worth $114 million) in the last 37 days via Coinbase and Bitfinex.

Golem Network, which acquired 820,000 ETH for $8.52 million during the ICO, currently holds 230,000 ETH worth approximately $656 million.

Golem Network GLM It also has its own token called GLM. GLM, which has fallen 1.4% in the last 24 hours, is still trading at $0.31 at the time of writing.

Remember this project that raised 820,000 ETH in ICO in 2016? @golemproject They sold 36,000 ETH ($114.54M) in the last 37 days.

In the past 37 days, they transferred 36,000 ETH raised from ICO from Golem: Multisig address to 0x159…b94 address, and then transferred it to Binance, Coinbase, Bitfinex via 0x159…b94 address… https://t.co/IPxXzvIMeU pic.twitter.com/PmtIA1ErNG

— Ember (@EmberCN) July 8, 2024

*This is not investment advice.