Something is not going well! 💥China suddenly reported that it has cleared 194,000 bitcoins $BTC ?

Previously, the Chinese government seized 190,000 bitcoins from the notorious PlusToken cryptocurrency scam!

The PlusToken scam was led by Chen Bo, Ding Zanqing, Peng Yixuan and others. The promise of high returns attracted a large number of investors and eventually accumulated more than 310,000 bitcoins and 9.17 million Ethereum, more than 51 million EOS, etc. At present, 190,000 bitcoins, 830,000 Ethereum, and 27.24 million EOS have been recovered.

In recent days, the German government has been selling about 50,000 bitcoins confiscated from the operator of the illegal streaming website Movie2k.to. These sales have led to market tensions. The market is currently worried that the Chinese government may release a large amount of bitcoins into the market like Germany, increasing selling pressure.

However, it is not clear whether China still holds these bitcoins or whether they have been sold. The currency circle media revealed that part of the funds were sold by the well-known Beijing Zhifan Technology Co., Ltd.

Brothers, if you sell it, the market will really die. Why are there so many negative news every day? Is it that the United States is going to cut interest rates and start to create panic to make retail investors sell coins? It's really speechless 😭

Continue to watch $IO . Although the coin is not very good, the reward is real, alas!

As the largest GPU computing power network of Web3, io.net solves the global computing power shortage problem and provides strong support for AI and machine learning.

With the development of AI and blockchain, the demand for high-performance computing resources increases, and io.net is expected to become an industry leader. The dual token system and token destruction mechanism help to increase the value of $IO tokens.

Views on the decentralized infrastructure (DePIN) track:

Currently, the DePIN track is expected to usher in significant growth to meet the needs of blockchain applications for high performance, scalability and security.

The DePIN track faces technical challenges, but it also provides opportunities for technological innovation and ecological prosperity.

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