Analysis: PlusToken selling pressure is far less than 789,000, as most of them have already been sold

BlockBeats news, on August 7, on-chain data analyst Yu Jin wrote that most of the 789,534 ETH of PlusToken that were rumored to be sold entered the Bidesk trading platform through multiple addresses from June to September 2021 (the platform collapsed earlier than the end of 2021), and then were withdrawn from Bidesk and transferred to Huobi. At least 268,843 of them were deposited in Bidesk at the time.

In addition, 12 addresses that have collected PlusToken-related ETH in the past 30 hours have collected a total of 25,757 ETH (about 63.1 million US dollars). Some of these ETH were not transferred to Bidesk in 2021, and some were withdrawn from Bidesk but not transferred to Huobi.

So there is not such a huge amount of ETH waiting to be sold, most of which should have been sold in 2021, and the current collection is a small part of the unsold in 2021.

BlockBeats Note: Lookonchain, which previously released the information related to "PlusToken address collects 789,534 ETH", has deleted the original tweet.