#ETH

Approximately 15,700 ETH (valued at $1.3 billion) connected to the Plustoken scam, which was seized by the Chinese government, was transferred  from known addresses yesterday. Over 7,000 ETH were moved to exchange deposit addresses. Following a similar pattern to previous BTC sales, it's possible that the entire $1.3 billion worth of ETH may be sold in the future.
(https://x.com/ErgoBTC/status/1844117289123410303)

This massive transfer of ETH connected to the Plustoken scam raises concerns about potential market impact if all $1.3 billion worth of ETH is sold in the future. Stay tuned for updates on this developing situation.