Golem Network team responds to ETH sale: part of previously announced staking test plan

Odaily News Jrag.eth posted on X that when community users asked Golem Network in the Discord channel about the recent large-scale sale of ETH, the team responded that these were staking tests. According to the official announcement it cited, Golem Network announced in mid-June that it had used a small portion of its reserves to launch ETH staking tests to support the future growth and development of the project. Officials said they plan to pledge part of the ETH reserves to generate income to support operational activities. Earlier today, according to Lookonchain monitoring, Golem Network sold 24,400 ETH (about US$72 million) on Binance, Coinbase and Bitfinex platforms in the past 3 days, and currently holds 127,634 ETH (about US$372 million).