tldr; As much as $1.3 billion worth of Ethereum from the PlusToken Ponzi scheme could soon be sold on exchanges, according to on-chain data. Analyst Free Samourai noted that some funds have already been sent to exchanges like BitGet, Binance, and OKX. The PlusToken scheme, dismantled in China, involved 2.6 million participants. Authorities seized significant cryptocurrency, including 542,000 ETH. The potential sale could increase selling pressure on Ethereum, affecting its price and market sentiment, according to experts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; As much as $1.3 billion worth of Ethereum from the PlusToken Ponzi scheme could soon be sold on exchanges, according to on-chain data. Analyst Free Samourai noted that some funds have already been sent to exchanges like BitGet, Binance, and OKX. The PlusToken scheme, dismantled in China, involved 2.6 million participants. Authorities seized significant cryptocurrency, including 542,000 ETH. The potential sale could increase selling pressure on Ethereum, affecting its price and market sentiment, according to experts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
“Crash eet with ze exact same China FUD.”