Tonight, everyone is paying attention to the news that dormant wallets related to Plus Token are transferring a large amount of ETH. I checked the on-chain data and have a few pieces of information for your reference:

1⃣Most of these 789,534 ETH entered the Bidesk exchange through multiple addresses from June to September 2021 (this exchange collapsed at the end of 2021), and then withdrew from Bidesk to Huobi.
Among them, the ETH that entered Bidesk through only the four Bidesk deposit addresses in the figure below reached 268,843.

2⃣I roughly tracked down about 12 addresses that collected Plus Token-related ETH in the past 30 hours, and a total of 25,757 ETH ($63.1M) were collected.
Some of these ETH were not transferred to Bidesk in 2021; some were withdrawn from Bidesk but not transferred to Huobi.

Rough conclusion: There is not such a huge amount of ETH waiting to be sold, most of which should have been sold in 2021, and what is currently collected is a small part of what was not sold in 2021.