China to Sell $1.3B of Ethereum From Seized PlusToken Scheme

Quick Summary:

China is reportedly preparing to sell $1.3 billion worth of Ether (ETH) seized from the PlusToken Ponzi scheme.

The wallet holding these tokens has moved for the first time since 2021, indicating that the holders of the leading digital asset might soon witness an increased selling pressure.  Crypto researcher ‘FreeSamourai’ reported on X that approximately […]

The post China to Sell $1.3B of Ethereum From Seized PlusToken Scheme appeared first on Coin Edition.

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Article Details

Author / Journalist: Anisha Pandey

Category: Crypto

Markets: IndiaChina

Topics: ETH Market News Market News Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 09:45:00 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 167 words

Reading Time: 1 minutes read

Sentences: 47 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22978875

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Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

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Publisher ID: #124

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