No ETH Dump! Golem Clarifies $337M Transfer After Community Panic

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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.