Golem Project Sells 36,000 ETH, Retains Over 230,000 ETH
According to BlockBeats, the Golem Project, which raised 820,000 ETH during its Initial Coin Offering (ICO) in 2016, has recently sold 36,000 ETH, equivalent to approximately $114 million. At the time of the ICO, the price of ETH was only $10.4. Despite this recent sale, the project still holds a significant amount of ETH.
In the past 37 days, the Golem Project has sold off a portion of its ETH holdings. However, it still retains a substantial amount of 231,400 ETH, which is currently valued at $656 million. This indicates that the project is still heavily invested in ETH, despite the recent sale.
The Golem Project's ICO in 2016 was a significant event in the cryptocurrency world. The project managed to raise a substantial amount of ETH, which has since appreciated in value. The recent sale of 36,000 ETH is a small fraction of the total amount raised, indicating that the project is still holding onto the majority of its initial funding.
The sale of ETH by the Golem Project is a common occurrence in the cryptocurrency world. Many projects sell off a portion of their holdings to fund operations or take profits. However, the fact that the Golem Project still holds a significant amount of ETH indicates that it remains confident in the future of the cryptocurrency.