Oversupply Concerns as PlusToken's Ethereum Could Flood the Market A recent analysis from OXT Research analyst Frisamsurai has raised concerns about the potential impact of a large-scale sale of Ethereum (ETH) seized from the now-defunct multi-level scam PlusToken. The analyst speculates that the full amount of 540,000 ETH, worth approximately $1.3 billion, could be offloaded, creating an unexpected oversupply in the market. Chinese authorities seized a total of 840,000 ETH in 2021, selling a third of that amount. The remaining ETH was stored in thousands of addresses until it began moving again in August of this year. In the past 24 hours, 7,000 ETH was deposited into centralized exchanges like Binance, OKX, and Bitget. Frisamsurai draws parallels to the Chinese authorities' sale of 150,000 BTC (worth $10 billion) between August 2019 and March 2020. This suggests that the $1.3 billion worth of ETH could also be entirely sold off, potentially creating a market shock. The potential sale of such a large amount of ETH has analysts speculating about its impact on the price of Ethereum. The exact timing and nature of the sale remain uncertain, but investors are keeping a close eye on developments to mitigate potential financial risks.