Golem Community, which obtained 820,000 ETH from the Ethereum ICO, has began promoting once more.
Golem Community, a DeFi platform, has moved greater than 4,000 ETH to cryptocurrency exchanges Binance and Coinbase, in line with Arkham information.
As you might recall, over the previous two months, the Golem Community handle has bought over $100 million price of ETH, creating promoting strain on the value.
Based on Arkham information, Golem nonetheless has one other 22,834 ETH in his possession, price roughly $60 million.
Establishments Are Promoting Ethereum (ETH)!
Institutional traders proceed to promote Ethereum exterior of Golem Community. Cumberland DRW additionally invested $20.8 million price of ETH in Coinbase, in line with information from blockchain analytics agency Scopescan.
Cryptocurrency buying and selling agency Cumberland DRW not too long ago deposited 8,000 ETH (price $20.8 million) to the Coinbase Change by way of 4 addresses.
Cumberland DRW at present holds 5,500 ETH price roughly 14.5 million.
Ethereum, which has gained 1.1% within the final 24 hours, continues to be traded at $2,630 on the time of writing.
*This isn’t funding recommendation.
