Why is Golem Moving Millions in ETH to Centralized Exchanges

Malaysia News News

Why is Golem Moving Millions in ETH to Centralized Exchanges
Malaysia Latest News,Malaysia Headlines
  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Crypto Blog

Ethereum-based decentralized computing platform Golem has sent more than $100 million worth of ETH to centralized exchanges such as Binance, Coinbase, and Bitfinex over the past few weeks.Golem is one of the earliest Ethereum initial coin offerings , raising around $8 million, or 820,000 in ETH, during the 2016 ICO boom.

It stated that the development of the Golem Network and its ecosystem is its number one priority, adding, “We are an OG Ethereum project, and as such, we want to contribute to the Ethereum ecosystem. Our intention is to solo stake a significant portion of ETH from our treasury.” ETH was trading flat on the day at $3,080 following an intraday dip to $2,916 on July 8. However, Ethereum has been downtrending for the past month, losing more than 10% over the past week.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Crypto_Potato /  🏆 568. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Moving in and moving forward after January flooding at Village Green in RolandoMoving in and moving forward after January flooding at Village Green in RolandoThe apartment complex was one of the many to be affected by the historic storm on Jan. 22 in San Diego
Read more »

Why two 2028 Los Angeles Olympics events are moving to Oklahoma CityWhy two 2028 Los Angeles Olympics events are moving to Oklahoma CityTwo 2028 Los Angeles Olympics events will be held in Oklahoma City. Here's why.
Read more »

Ron Washington Reveals Why Angels' Hottest Hitters Aren't Moving Up in LineupRon Washington Reveals Why Angels' Hottest Hitters Aren't Moving Up in LineupLos Angeles Angels manager Ron Washington adopts an unconventional approach to finding a cleanup hitter.
Read more »

Why BMW Is Moving Their M Badges From Kidney To Lower BumperWhy BMW Is Moving Their M Badges From Kidney To Lower BumperBMW claims the new location standardizes the M badge position globally, aligning with the Chinese market M240i
Read more »

Video of Joe Biden Appearing to Freeze at Juneteenth Event Raises QuestionsVideo of Joe Biden Appearing to Freeze at Juneteenth Event Raises QuestionsThe RNC asked 'why isn't Biden moving?'
Read more »

Millions Have Rosacea, So Why Is It Still So Mysterious?Millions Have Rosacea, So Why Is It Still So Mysterious?Over 5% of adults are thought to have the chronic skin condition, but far fewer than that ever seek treatment for it
Read more »



Render Time: 2025-08-30 14:21:47