Golem Network, a decentralized computing network, has resumed its selling spree by transferring 4,850 ETH worth $13.2 million to liquid exchanges Binance and Coinbase. The funds were moved in nine separate transactions on February 20. The majority of the ETH went to Binance, with 3,800 ETH being deposited, while the remaining 1,050 ETH went to Coinbase. The last time Golem moved ETH to an exchange was five months ago. This sell-off could potentially create downward pressure on the price of ETH. The Ethereum chart showed a sharp dip during the transaction period. Following the transaction, the sending wallet still has a balance of 2,300 ETH worth $6.34 million. Golem, which participated in the Ethereum ICO in 2016, received a total of 820,000 ETH since then and has been selling ETH to support the development of its network.



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