A crypto undertaking that raised 820,000 Ethereum in a 2016 preliminary coin providing (ICO) lately offered tens of millions of {dollars} value of ETH on a handful of exchanges, based on the digital asset tracker Lookonchain.
Golem Community (GLM) is an open-source platform that goals to allow decentralized entry to computing energy.
Lookonchain notes the undertaking raised its giant ETH stack by an ICO in November 2016, when the value of ETH was solely $10.20.
Lookonchain says Golem offered 24,400 ETH value $72 million on the crypto exchanges Binance, Coinbase and Bitfinex over a three-day interval. The undertaking nonetheless holds 127,634 ETH value greater than $381 million.
With ETH buying and selling at $2,986 at time of writing, the worth of the second-largest crypto asset by market cap has skyrocketed by greater than 29,174% since that ICO.
The crypto tracker additionally notes {that a} whale transferred 1.1 million tokens of the decentralized finance (DeFi) undertaking Pendle (PENDLE) value $3.8 million to an unknown pockets on Sunday. The whale subsequently moved the altcoin stack to crypto alternate Binance the place it might doubtlessly be offered on the open market.
The whale continues to carry 1 million PENDLE value $3.5 million.
Lookonchain says the whale bought 3.44 million PENDLE from centralized and decentralized exchanges between February and April 2023, at a mean value of solely $0.32.
PENDLE is buying and selling at $3.42 at time of writing.
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