- Cryptocurrency researcher FreeSamourai reported that about 7,000 ETH of the remaining 542,000 ETH confiscated in the PlusToken case have been sent to exchanges.

- This may indicate an intention to start selling the remaining tokens, but so far there has been no significant sell-off.

- The remaining ETH is valued at $1.3 billion and could put significant pressure on the market.

- PlusToken was a multi-billion dollar Ponzi scheme that was shut down in 2019. In 2020, Chinese police confiscated $4.2 billion in assets.

- Most of the BTC has already been sold, ETH is believed to have been sold on the Bidesk exchange.

- Ethereum price has fallen 2% and is trading below $2,400, which could worsen with further selling.