COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Hundreds of Dormant Crypto Wallets Transfer Billions in ETH
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ethereum (ETH) > Hundreds of Dormant Crypto Wallets Transfer Billions in ETH
Ethereum (ETH)

Hundreds of Dormant Crypto Wallets Transfer Billions in ETH

In Brief

  • Dormant wallets have started transferring 789,533 ETH.

  • Chinese police seized large amounts of cryptocurrency from Plus Token Ponzi.

  • The cryptocurrency community is closely monitoring the situation.

COINTURK NEWS
COINTURK NEWS 10 months ago
Share
SHARE

The cryptocurrency world is abuzz as hundreds of long-dormant wallets become active again. Wallets inactive for about 3.3 years have started transferring 789,533 ETH (worth approximately 2 billion dollars). This significant activity has created a major impact on the cryptocurrency market.

Contents
“Plus Token Ponzi 2” and Distributed ETHReasons Behind the Movement

“Plus Token Ponzi 2” and Distributed ETH

The source of these wallets is quite intriguing. The wallet named “Plus Token Ponzi 2” distributed ETH to thousands of wallets in 2020 and had shown no activity since April 2021. However, in the last few hours, massive amounts of ETH transfers have started from these wallets. This movement is causing great curiosity and concern in the cryptocurrency world.

The story behind these transfers is even more interesting. Chinese police seized a large amount of cryptocurrency in their operation against the Plus Token Ponzi scheme. The seized cryptocurrencies were as follows:

  • 194,775 BTC (worth approximately 11.2 billion dollars),
  • 833,083 ETH (worth approximately 2.11 billion dollars),
  • 487 million XRP (worth approximately 252 million dollars),
  • 79,581 BCH (worth approximately 25.8 million dollars),
  • 1.4 million LTC (worth approximately 82.3 million dollars),
  • 27.6 million EOS (worth approximately 12.7 million dollars),
  • 74,167 DASH (worth approximately 1.7 million dollars),
  • 6 billion DOGE (worth approximately 609 million dollars),
  • 213,724 USDT.

Reasons Behind the Movement

This sudden activity raises many questions. Why now? What is the purpose of these transfers? How will releasing such a large amount of ETH affect prices? The answers to these questions are not yet clear, but the cryptocurrency community is closely monitoring the situation.

Thanks to blockchain technology, these large transfers can be tracked in real-time. Each transfer is recorded transparently, making it easy to follow large fund movements. Since the tokens obtained from the Ponzi scheme are in the hands of Chinese police, it is believed that the move was made by China.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Ethereum ETFs Witness First Withdrawal After Unprecedented Investment Surge

Watch Ethereum Defy the Odds: Traders Rally for a Comeback!

SharpLink Gaming Faces Dramatic Stock Plunge Amid S-3 Filing

Ethereum Prices Surge as Analysts Predict Breakthrough Targets

Ethereum Prices Surge with Bullish Predictions

COINTURK NEWS 7 August, 2024 - 2:30 pm 7 August, 2024 - 2:30 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Miner Activates Wallet After 11 Years
Next Article Investors Anticipate Worldcoin Price Recovery
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Shiba Inu Soars as Token Burn Rate Surges Over 3400%
Shiba (SHIB)
XRP Price Holds Steady Despite Geopolitical Strains
Ripple (XRP)
Bitcoin Trades Rapidly in Narrow Price Range
Bitcoin (BTC) Cryptocurrency News
Bitcoin Prices Could Skyrocket with Institutional Embrace, Declares CEO
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?