A crypto challenge that raised 820,000 Ethereum in a 2016 preliminary coin providing (ICO) just lately bought hundreds of thousands of {dollars} value of ETH on a handful of exchanges, in accordance with 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 challenge raised its giant ETH stack by means of an ICO in November 2016, when the value of ETH was solely $10.20.
Lookonchain says Golem bought 24,400 ETH value $72 million on the crypto exchanges Binance, Coinbase and Bitfinex over a three-day interval. The challenge 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) challenge 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 may doubtlessly be bought 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 worth of solely $0.32.
PENDLE is buying and selling at $3.42 at time of writing.
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Test Value Motion
Observe us on X, Fb and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in internet affiliate marketing.
Generated Picture: DALLE3
