$ETH In the cryptocurrency market, the name PlusToken has once again caused a stir. This former Ponzi scheme not only brought huge losses to many investors but also had a profound impact on the market. Recently, PlusToken-related addresses that had been dormant for a while suddenly became active, and the transfer of 7,000 ETH has drawn widespread attention from the market.

The shadow of PlusToken seems to loom over the market once again. Looking back, this platform used the guise of blockchain technology to attract a large number of investors by promising high returns. Reports indicate that the amount involved with PlusToken reached tens of billions of dollars, with victims spread across the globe. Chinese police seized nearly $4 billion in cryptocurrency, including BTC, ETH, DOGE, XRP, and others, during their crackdown.

Now, with the quiet transfer of 7,000 ETH, the market is beginning to worry about a potential large-scale sell-off. Some analysts point out that this may just be the tip of the iceberg, and more ETH may be sold in the future, potentially totaling $1.3 billion. Such news undoubtedly brings uncertainty to the market, and investors are starting to worry about the possibility of another crash.

However, some analysts argue that the selling pressure of ETH related to PlusToken is far below expectations, and most of the ETH has already been sold earlier. This may mean that the actual amount of PlusToken-related ETH available for sale in the market is much lower than previously reported, thereby reducing the impact on the market.

For investors, this is a reminder to closely monitor market dynamics and manage risks rationally. At the same time, this serves as a warning for increased regulation in the cryptocurrency market to prevent similar incidents from happening again. Despite the shadow cast by the PlusToken incident, the development of the cryptocurrency market remains full of potential, and investors should maintain rationality and invest cautiously.