A crypto challenge that raised 820,000 Ethereum in a 2016 preliminary coin providing (ICO) not too long ago bought tens of millions of {dollars} price 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 via an ICO in November 2016, when the value of ETH was solely $10.20.
Lookonchain says Golem bought 24,400 ETH price $72 million on the crypto exchanges Binance, Coinbase and Bitfinex over a three-day interval. The challenge nonetheless holds 127,634 ETH price 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) price $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 bought on the open market.
The whale continues to carry 1 million PENDLE price $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.
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