Golem Crypto Network (GLM) is stirring the pot again, begging the question of whether it is the best new crypto to buy. It offloads a hefty chunk of Ethereum (ETH) to major exchanges.
Once a darling of the Ethereum ICO boom, its latest maneuvers are raising eyebrows across the crypto community.
Details of Golem Crypto $13.36M Ethereum Transfer, Best New Crypto to Buy?
On February 20, Golem moved $13.36 million in Ethereum—4,850 ETH—to exchanges in a series of nine transactions. Binance took 3,800 ETH worth $10.47 million, with another 1,050 ETH ($2.89 million) flowing into Coinbase.
Ethereum prices wavered during the transaction window, briefly dipping from $2,764 to $2,708 before regaining ground near $2,756. It’s Golem’s largest ETH transfer in months, following a 2,000-ETH sale in September 2024.
Can someone please explain to me why @golemproject – a dinosaur of the 2017 ICO era is up 30% right now? $GLM pic.twitter.com/EWCEbo8dWF
— Genia🔮 (@Genia_XBT) February 23, 2025
A peak-era Ethereum ICO powerhouse, Golem rode off with 820,000 ETH in 2016—now a jaw-dropping $2.26 billion in value.
The frequency and scale of Golem’s Ethereum sell-offs have raised eyebrows in the crypto community. Many wonder whether this strategy hints at financial struggles or a lack of long-term commitment to holding ETH.
Broader Implications for Ethereum, AI, and Golem Crypto
Large token transfers to exchanges often hint at sell-offs, rattling markets in their wake. Golem’s recent transactions caused Ethereum to wobble, briefly dropping before finding its footing again.
Yet, the event underscores a lingering reality—ICO-era giants like Golem still wield outsized influence.
Golem, once lauded as a pioneer in decentralized computing, now struggles to stay relevant. Billed as crypto’s solution for leasing idle computing power for tasks like 3D rendering and AI projects, the platform has drifted into obscurity.
Social media silence since December 2024 hasn’t helped, further fueling doubts about whether the project’s engine is still running.
Despite these challenges, Golem’s GLM token recently made a surprising 40% price leap, trading at $0.36 after months of stagnation. 99Bitcoin’s analysts attribute this pump to growing interest in AI-related cryptos and community efforts to revive the project.
What’s Next for Golem Crypto?
From a technical perspective, GLM’s recent price surge may provide short-term optimism for holders. The token exited a tight 28-day accumulation zone to climb toward the $0.44 resistance level, though analysts warn that consolidation is likely following the significant pump.
GLM’s position above the 200-day moving average and a bullish RSI suggest room for more upward momentum. Yet, the real challenge for Golem hinges on recapturing the attention of developers and users in a crypto landscape that changes by the minute.
The project’s next moves—whether a technological update or renewed efforts to energize its community—will likely determine its future relevance.
Best New Crypto to Buy? Mind of Pepe Could Be the Next Big AI Crypto Agent Coin
MIND of Pepe ($MIND) could be a stroke of brilliance or the madness the crypto deserves. Or why not both? Touted as the first AI meme coin, it’s a self-governing token that merges blockchain tech with artificial intelligence. But forget hype for a moment; MIND has real utility.
The mind of Pepe digests trading data, serves it back to holders as real insights, and self-generates new tokens and social media content.
Unsurprisingly, $MIND has raked in $7 million during its presale, priced at $0.0033857 a token. The coin has locked up 10% of its total supply, riding Ethereum’s blockchain as an ERC-20 token and accepting payments in ETH, USDT, or BNB
Here’s the TL;DR for this presale:
- Raised: $6.8 million
- Blockchain: Ethereum
- Token type: ERC-20
- Token price: $0.0033587
- Accepted payments: ETH, USDT, BNB, Card
Don’t Psych Yourself Out! Get in on $MIND of Pepe Right NOW
EXPLORE: The History Books Will Remember Crypto 2025: But What’s The Best New Crypto to Buy?
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Key Takeaways
- Golem Crypto is offloading a hefty chunk of Ethereum ($ETH) to major exchanges. Is it the best new crypto to buy?
- Many wonder whether this strategy hints at financial struggles or a lack of long-term commitment to holding ETH.
- Golem exited a tight 28-day accumulation zone to climb toward the $0.44 resistance level.
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