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Ethereum Golem Address Turns Active Again

Aug 22, 2024 pm 06:39 PM
ethereum ETH Exchanges Golem Sell-Off

The Ethereum Golem Address belongs to the initial days of the Ethereum ICO, dating back to 2016 when it raised a staggering 820,000 ETH.

Ethereum Golem Address Turns Active Again

An Ethereum Golem address, known for its large holdings since the ICO era, has once again become active, transferring over 4,000 ETH to crypto exchanges Binance and Coinbase.

According to blockchain data, the Golem multi-signature address, which played a key role in the ICO seven years ago, has moved over 8,000 ETH to exchanges in the past week. This development comes amid increased activity from other Ethereum whale addresses, which has been a subject of interest within the crypto community.

Ethereum Golem Address Active Again

The Ethereum Golem address, which belongs to the early days of Ethereum ICOs, dates back to 2016 when the Golem ICO raised a remarkable 820,000 ETH. Throughout this year, the Golem address has been at the center of attention due to its substantial ETH movements, which have put some pressure on the ETH price.

As reported by鏈聞 ChainNews, the Golem multi-signature address 0x7d…6CF9 still holds 22,834 ETH, valued at approximately $60 million at the current ETH price.

During the ICO boom of 2016, the Ethereum Golem project gained recognition for its platform, which serves as a marketplace for decentralized computing power. The concept allows users to rent out their unused computational resources and earn GLM tokens in return.

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