📉🚨 China is Dumping $ETH 🚨📉

🔍 According to lookonchain, approximately 789,533 #ETH worth $2 billion is on the move from dormant wallets that have been inactive for 3.3 years.

💰 These funds are linked to the infamous Plus Token Ponzi 2. In 2020, Chinese police seized a staggering $4.2 billion in crypto assets from this crackdown.

#Plustoken #USDT #Matic

$ETH #ETH 📉

HUGE VOLATILITY 🚨

$450M PLUSTOKEN FUNDS MOVED ‼️

#Plustoken wallets have been connected with dozens of wallets moving $464.7M of ETH in only the past 12 hours.

⏭️ Plustoken was a 2018-19 Ponzi Scheme that scammed investors worldwide for between $2B and $2.9B in cryptocurrency. 789.5K ETH ($191.9M) was moved from a Plustoken wallet and distributed through hundreds of intermediary wallets in June 2020.
The ETH moved from Plustoken wallets in mid-2020 is worth $1.9B at today’s prices.

NOW, The remaining funds remained dormant for the next three years, until they began moving again earlier this week

During a 12-hour time period on Wednesday, 196K ETH ($465M) in wallets connected to PlusToken was moved to new wallets

This post only concerns #Ethereum not #Bitcoin

Via: arkham

#CillionaireMind