Chinese police have seized around 7,000 ETH from the PlusToken crypto Ponzi scheme and transferred it to exchanges, sparking speculation about whether China will sell or hold the Ethereum. The seizure is part of a larger crackdown that saw a total of over $14 billion worth of cryptocurrencies seized from PlusToken, which defrauded millions of people. Experts predict that all of the $1.29 billion worth of ETH seized will eventually be sold, potentially causing an oversupply and downward pressure on the price.



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