Public blockchain data

Golem Transfers $115 Million in ETH to Exchanges in 37 Days, Holds $372 Million

Jul 8, 2024, 07:50 AM

Golem, a project that raised 820,000 ETH through its initial coin offering (ICO) in 2016, has transferred significant amounts of Ethereum (ETH) to major exchanges in recent days. Over the past 37 days, Golem moved 36,000 ETH, worth approximately $115 million, to exchanges such as Binance, Coinbase, and Bitfinex. In the past 3 days alone, the project sold 24,400 ETH, valued at $72 million, on these platforms. Despite these transfers, Golem still holds a substantial amount of ETH. Currently, Golem holds 127,634 ETH, worth about $372 million, and previously had 231,400 ETH, valued at $656 million. Initially, Golem raised 820,000 ETH when the price of Ethereum was only $10.20 per ETH.