Golem Network: The team's recent sale of ETH is part of the previously announced staking test plan

ChainCatcher news, Jrag.eth posted on social media that when community users in the Discord channel asked Golem Network about the recent large sale of ETH, the team responded that these were for staking tests.

According to the official announcement they cited, Golem Network announced in mid-June that it had used a small portion of its reserves to initiate ETH staking tests to support the future growth and development of the project. The official statement indicated that the staked portion of ETH reserves would generate income to support operational activities.

Previously, according to monitoring by Lookonchain, Golem Network sold 24,400 ETH (approximately 72 million USD) on Binance, Coinbase, and Bitfinex platforms in the past 3 days, and currently holds 127,634 ETH (approximately 372 million USD).