Golem GLM

What GLM actually is on-chain

Golem is an ERC-20 deployed on Ethereum, at contract address 0x7dd9c5cba05e151c895fde1cf355c9a1d5da6429. That address, not the ticker GLM, is what uniquely identifies this asset: anyone can deploy a second token calling itself GLM, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, GLM is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in GLM itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For GLM the project publishes a whitepaper, a public source repository and an active account as @golemproject. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where GLM sits in the market

#238 places Golem in the upper mid-cap band. This is where continuous two-sided quoting stops being guaranteed. GLM still prints regularly, but the depth behind each print thins out through the session, and the same order that barely registers in the morning can set the day's high in a quieter hour.

CryptoPingAi is currently streaming 5 live GLM order books (Binance, Gate.io, HTX, Upbit, Bithumb). That is coverage in line with a #238 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

GLM against its all-time high

GLM trades 92.1% below its $1.32 record (on 2018-04-13), which puts a 12.7x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. It was set 9 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

GLM across its historical range

GLM has traded across a 144x range, between $0.00913753 and $1.32. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

Spot is about 11.4x above the all-time low of $0.00913753 (on 2016-12-12) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

GLM supply structure

There is no fixed maximum supply for GLM. Total supply stands at 1.00 billion GLM and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. With a supply in the billions, the quoted price is low enough that a single cent of movement is a large percentage swing; size your thresholds in percent, not in cents.

What kind of asset GLM is

Golem is tagged in the AI category, which in this market is a narrative cluster before it is a technical one. Assets here tend to move together on AI sentiment — often correlating with equity-market AI news rather than with the rest of crypto — and the correlation is strongest exactly when the narrative is hottest. That makes sector rotation, not project-specific news, the usual explanation for a large move.

CoinGecko files GLM under 6 categories, including Artificial Intelligence (AI), Ethereum Ecosystem, DePIN, Energi Ecosystem, GMCI DePIN Index. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Golem alert that is worth receiving

Golem is the ERC-20 at 0x7dd9…6429 on Ethereum — quoted on 5 venues we stream — high dated 2018-04-13 — rank #238. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →