tldr; China is reportedly preparing to sell $1.3 billion worth of Ethereum (ETH) seized from the PlusToken Ponzi scheme. Approximately 7,000 ETH of the total 542,000 ETH have been moved to digital asset trading platforms, indicating a potential sale. This could increase selling pressure on ETH, possibly dropping its price below $2,400. The wallet holding these tokens has moved for the first time since 2021, raising concerns about market impact. ETH is currently trading at $2,403.45, with a market cap of $289 billion.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
blueblurspeedspin on
Outb4 vb posts an AI bull photo
kirtash93 on
Here we go again.
diwalost on
China, Germany beat you at this game.
Pull up some new gimmick
Proverb313 on
What if they swap them with already pilled up before by stashing, ALTS 😀
8 Comments
Lord Bogdanoff: *Release ZE Chinah FUD!*
tldr; China is reportedly preparing to sell $1.3 billion worth of Ethereum (ETH) seized from the PlusToken Ponzi scheme. Approximately 7,000 ETH of the total 542,000 ETH have been moved to digital asset trading platforms, indicating a potential sale. This could increase selling pressure on ETH, possibly dropping its price below $2,400. The wallet holding these tokens has moved for the first time since 2021, raising concerns about market impact. ETH is currently trading at $2,403.45, with a market cap of $289 billion.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Outb4 vb posts an AI bull photo
Here we go again.
China, Germany beat you at this game.
Pull up some new gimmick
What if they swap them with already pilled up before by stashing, ALTS 😀
omg!!!!!
Damn, prepare for more ETH blood 🙁