The sharp declines in Bitcoin increased the sales pressure in all altcoins, especially Ethereum, causing major declines.
At this point, a large amount of sales were made in ETH. One of these sales was made by Golem Network, which participated in the 2016 ICO.
Golem Network, a DeFi platform, sold $114.54 million in ETH in the last 37 days, according to on-chain analyst EmberCN's post.
Golem Network, which received 820,000 Ethereum during its 2016 ICO, sold 36,000 ETH (worth $114 million) in the last 37 days via Binance, Coinbase and Bitfinex.
Golem Network, which bought 820,000 ETH for $8.52 million during the ICO, currently has 230,000 ETH worth approximately $656 million.
Golem Network also has its own token called GLM. GLM, which has decreased by 1.4% in the last 24 hours, continues to be traded at $ 0.31 at the time of writing.
*This is not investment advice.