$GLM

Golem (GLM), the native token of the Golem Network—a decentralized platform for sharing computing power—has recently experienced notable price fluctuations on Binance.

As of February 23, 2025, GLM is trading at approximately $0.37204 USD, reflecting an increase of 0.2311% from the previous close. The token's intraday high reached $0.427308 USD, with a low of $0.296846 USD.

This volatility can be attributed to several recent developments:

1. ETH Liquidation: On February 21, 2025, the Golem Network transferred 4,850 ETH (approximately $13.26 million) to exchanges, potentially to fund ongoing operations or development efforts.

2. Increased Network Activity: On-chain metrics indicate a 15% rise in active addresses over the past 24 hours, suggesting heightened interest and activity within the Golem ecosystem.

These events have contributed to the recent price movements of GLM on Binance.

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