Air Raid Alert》The Chinese government’s wallet that has been dormant for 3 years is transferring a large amount of ETH, totaling 789,000. Is the big devil coming?

Lookonchain's real-time tracking data shows that hundreds of dormant addresses suspected to be related to the Chinese government are transferring ETH (totaling up to 789,000 ETH), triggering market concerns that ETH will face huge selling pressure. (Preliminary summary: Buffett shows his skill again! Berkshire Cash surpasses the market value of Ethereum, taking stock of his 20-year record of brilliant escapes) (Background supplement: Bitcoin’s hedging function failed: BTC fell below 60,000 US dollars this morning, gold Approaching a record high) According to the latest data from Lookonchain at 18:48 tonight, it is suspected that hundreds of wallet addresses that have been dormant for many years are transferring ETH. The total amount exceeds 789,000 ETH, triggering heated market discussions and concerns that ETH will face huge selling pressure. Hundreds of wallets that have been dormant for 3.3 years are transferring large amounts of $ETH, potentially reaching 789,533 $ETH ($2 billion)! Through on-chain tracing, we discovered that the funds came from the wallet “Plus Token Ponzi 2″. Plus Token Ponzi 2 had 789,533 $ETH spread across thousands of wallets in 2020 and has not moved since April 2021. https://etherscan.io/address/0x0f953ef137ee0894cc06383ccb1ef77e76660b5a These wallets started transferring $ETH about 3 hours ago. https://etherscan.io/address/0xf46847fa42fd9dd52737f3d25b8659cceba80eeb According to Lookonchain analysis, the Chinese police seized these ETHs during the crackdown on one of the largest scams in history, the "PlusToken Ponzi gold-absorbing case." At that time, a total of 194,775 BTC ($11.2 billion) was seized. , 833,083 ETH ($2.1 billion), 487 million $XRP ($252 million), 79,581 BCH ($25.8 million), 1.4 million LTC ($82.3 million)... and 213,724 USDT. Hundreds of wallets that have been dormant for 3.3 years are moving large amounts of $ETH, possibly 789,533 $ETH($2B)! We noticed that hundreds of dormant addresses were transferring ETH. Through on-chain tracking, we found that these funds came from the wallet "Plus Token… pic.twitter.com/QGKJknJEns — Lookonchain (@lookonchain) August 7, 2024 Is the Chinese government going to dump the tokens? If the changes in these assets are really because the Chinese government decided to auction these tokens, then I’m afraid It will be more terrifying than the German government, Mt.GOX repayment... and other events combined. Dongzhong will continue to track it for you. Related reports Wall Street bank’s first case! Morgan Stanley will open its "investment advisory" to recommend Bitcoin spot ETFs. Is tens of billions of magnesium funds coming? 7 years ago today, Bitcoin "won the expansion civil war" with 15 lines of code: Happy BTC Independence Day V-turn! Bitcoin strongly exceeded 65,500, Ethereum returned to 3200, and 100,000 people liquidated their positions to US$300 million. The Chinese government’s wallet, which has been dormant for 3 years, is transferring a large amount of ETH, totaling 789,000. Is the big devil coming? 〉This article was first published in DongZu BlockTempo "DongZu DongTen - the most influential blockchain news media".