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news-imageJuly 29, 2023

Golem, Raised 820,000 ETH in 2016 ICO Ironically, Now Stakes 98,016 ETH

the Golem Foundation has staked 98,016 ETH (equivalent to $183M) into Ethereum's Proof of Stake (PoS) system, as reported 12 hours ago.
Publisher: Blockchain News
Sentiment: Positive
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cover-imageCrypto Economy
July 8, 2024

Could Golem's ETH Sales Influence Ethereum's Price?

TL;DR Golem has transferred over 100 million dollars in ETH to exchanges in the last month, raising concerns about potential selling pressure on the price of ETH. The platform's main wallet has moved 24,400 ETH (72 million dollars) in the last three days, with current reserves of 127,634 ETH valued at 372 million dollars.

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