The post No ETH Dump! Golem Clarifies $337M Transfer After Community Panic appeared first on Coinpedia Fintech News
Golem, a decentralized computing network has reassured its community that the recent transfer of 135,000 ETH, worth $337 million, to major exchanges like Coinbase and Binance was not a sign of a massive sell-off. The transfer, which sparked fear among investors, was part of a solo staking test to improve operational security and reduce spam. According to Golem’s latest report, the use of centralized exchanges was essential to create a controlled environment for the test. Despite these reassurances, delayed communication worsened speculation within the community. Many believe that better transparency could have avoided the initial panic.
The post No ETH Dump! Golem Clarifies $337M Transfer After Community Panic appeared first on Coinpedia.org.
