Crypto Project Sells Ethereum Worth $72 Million, Gained from 2016 ICO
09.07.2024 15:30 1 min. read Alexander Stefanov
A crypto project that initially raised 820,000 ETH in a 2016 ICO has sold a substantial amount of ETH on major exchanges.
Golem Network (GLM), an open-source platform facilitating decentralized computing power access, raised its Ethereum holdings when ETH was priced at $10.20 during its ICO in November 2016.
Golem aims to democratize access to censorship resistant computing power. This is facilitated by a cutting-edge protocol that allows users to supply and lease providers’ idle hardware in a peer-to-peer (P2P) manner.
According to Lookonchain, Golem recently sold 24,400 ETH valued at $72 million across Binance, Coinbase, and Bitfinex over a span of three days.
Despite these sales, the project retains 127,634 ETH valued over $381 million at current ETH prices around $3,000, marking an astronomical increase of over 29,000% since its ICO.
-
1
Binance’s Zhao Sparks Speculation with Suggestion to Burn Altcoins in Public Wallet
29.03.2025 12:00 2 min. read -
2
This AI Altcoin Shows Strong Long-Term Growth Potential, Says IntoTheBlock
09.03.2025 13:00 1 min. read -
3
Crypto Invest Makes 4,860x Profit With This Meme Coin
18.03.2025 21:00 1 min. read -
4
Ethereum Faces Key Resistance: Will It Break Through or Fall Back to $1,700?
23.03.2025 15:00 2 min. read -
5
Dogecoin Whales Go on Buying Spree, Fueling Market Optimism
26.03.2025 21:00 1 min. read
Fidelity Moves Forward with Spot Solana ETF as SEC Acknowledges Filing
Fidelity Investments has moved forward with plans to launch a spot Solana Exchange-Traded Fund (ETF), with the U.S. Securities and Exchange Commission (SEC) formally acknowledging the filing.
Analyst Warns of Massive Ethereum Drop Against Bitcoin
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
PayPal Expands Crypto Offering with Solana and Chainlink Integration
The crypto market is seeing increased support from various industries, with payment firms playing a key role in promoting digital assets.
Binance Updates Altcoin Tags: New Tracking List Revealed
Binance, the leading cryptocurrency exchange, made headlines today with an update concerning several altcoins on its platform.
-
1
Binance’s Zhao Sparks Speculation with Suggestion to Burn Altcoins in Public Wallet
29.03.2025 12:00 2 min. read -
2
This AI Altcoin Shows Strong Long-Term Growth Potential, Says IntoTheBlock
09.03.2025 13:00 1 min. read -
3
Crypto Invest Makes 4,860x Profit With This Meme Coin
18.03.2025 21:00 1 min. read -
4
Ethereum Faces Key Resistance: Will It Break Through or Fall Back to $1,700?
23.03.2025 15:00 2 min. read -
5
Dogecoin Whales Go on Buying Spree, Fueling Market Optimism
26.03.2025 21:00 1 min. read
