Golem Network Funds Exchanges With $9.3 Million in ETH

Golem Network Funds Exchanges With $9.3 Million in ETH

Golem Network (GLM), which raised 820,000 ETH in an ICO in 2016, has deposited an additional 3,000 ETH ($9.3 million) to exchanges over a 30-minute period. The deposits were sent to Binance, Bitfinex, and Coinbase. This brings the total amount of ETH that Golem Network has deposited to exchanges over the past 39 days to 42,000 ETH ($133.02 million). The network currently holds 225,500 ETH ($698.6 million). The reason for the recent surge in deposits is unclear, but it is worth noting that the price of ETH has been rising steadily in recent weeks. It is possible that Golem Network is taking advantage of the rising price to sell some of its ETH holdings. It is also worth noting that Golem Network has been facing some challenges in recent months. In May, the network was hacked, and $1.3 million worth of ETH was stolen. The network has also been criticized for its slow development progress. Despite these challenges, Golem Network remains one of the most promising projects in the blockchain space. The network has a strong team of developers, and it has a number of promising partnerships in place. It is still early days for Golem Network, but it has the potential to become a major player in the decentralized computing market.