TechFlow reports, according to on-chain analyst Yujin, that Golem Network—an ICO project which raised 820,000 ETH in 2016—has sold 36,000 ETH worth approximately $114.54 million over the past 37 days. During this period, 36,000 ETH from their ICO funds were transferred from the Golem: Multisig address to the address 0x159...b94, and then moved to exchanges including Binance, Coinbase, and Bitfinex.
The project raised 820,000 ETH through its ICO in 2016, when ETH was priced at just $10.40, giving the total haul a value of $8.52 million at the time. They still hold 231,400 ETH, currently worth around $656 million.
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