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

The sharp declines in Bitcoin increased the sales pressure in all altcoins, especially Ethereum, causing major declines.

At this point, a large amount of sales were made in ETH. One of these sales was made by Golem Network, which participated in the 2016 ICO.

Golem Network, a DeFi platform, sold $114.54 million in ETH in the last 37 days, according to on-chain analyst EmberCN’s post.

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

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

Golem Network also has its own token called GLM. GLM, which has decreased by 1.4% in the last 24 hours, continues to be traded at $ 0.31 at the time of writing.

还记得这个在 2016 年 ICO 募资了 82 万枚 ETH 的项目 @golemproject 吗？他们在最近 37 天里，出售了 3.6 万枚 ETH ($114.54M)。

他们在最近 37 天里从 Golem: Multisig 地址转出 3.6 万枚 ICO 募资获得的 ETH 至 0x159…b94 地址，然后经 0x159…b94 地址转入 Binance、Coinbase、Bitfinex… https://t.co/IPxXzvIMeU pic.twitter.com/PmtIA1ErNG

— 余烬 (@EmberCN) July 8, 2024

*This is not investment advice.

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