New FUD for the crypto market - Chinese authorities began moving 789,533 ETH worth about $2 billion. To unknown wallets. The movements were tracked by #Lookonchain.

We are talking about moving from hundreds of wallets. They have been inactive for 3.3 years, since April 2021. Lookonchain analysts associate these coins with the Plus Token financial pyramid from 2020.

In total, the Chinese authorities seized:

- 194,775#BTC(worth about $11.2 billion),

- 833,083#ETH(worth about $2.11 billion),

- 6 billion#DOGE(worth about $609 million),

- 487 million#XRP(worth about $252 million),

- 1.4 million#LTC(worth about $82.3 million),

- 79,581#BCH(worth about $25.8 million),

- 27.6 million#EOS(worth about $12.7 million),

- 74,167#DASH(worth about $1.7 million),

- 213,724 #USDT.