Golem Network Stakes $124.6 Million Worth of ETH
CryptoNewsTerminal Staff10 Jul, 2024
Golem Network Stakes $124.6 Million Worth of ETH
The Golem Network (GLM), which raised 820,000 ETH through an ICO in 2016, staked 40,000 ETH ($124.6 million) 8 hours ago. It appears to have stopped selling ETH. This is a significant development as it shows that the Golem Network is committed to its long-term vision and is willing to invest in its future. The staking of ETH will help to secure the Golem Network and will also allow GLM holders to earn rewards. This news is likely to be well received by the Golem community and could lead to a rise in the price of GLM.