Ethereum down 3% due to possible sale of cryptocurrencies linked to Chinese pyramid scheme PlusToken
Observers noted that 7,000 ETH linked to the scheme were transferred to exchanges, raising concerns about potential market pressure.
The Chinese authorities previously confiscated from the operators of PlusToken cryptocurrencies worth almost $4 billion, among which were ETH, BTC and others. Now some of these assets could start to be sold, which probably affected the drop in prices.
