Will ETH dump even more due to PlusToken?

[piebeyb]

A huge number of ether (ETH) tokens have just moved from a wallet associated with the PlusToken Ponzi scheme. More than $105,099,000 worth of the native crypto asset of the Ethereum network moved between the wallet and an unknown one earlier today.

The Twitter account Whale Alert (@whale_alert) highlighted the huge transfer this morning. The total number of Ether moved was a massive 789,525 ETH.

Source link here

This is something that we feared the most, unless you are a buyer waiting for your buy order to be filled.

Whale Alert keeps monitoring the wallet that are being used by PlusToken, and it's now being moved to an unknown wallet.

I remember that time when I was in Singapore, one weird looking guy approached me and introduced me to PlusToken. As what I have seen in their compensation plan, I immediately moved away and said "No, I'll pass!". Ponzis are not for me.

I just feel sorry for those who are being victimized by PlusToken.

https://etherscan.io/accounts/label/plus-token-scam how many wallet addresses they use will continue to be marked as scams, I think if all exchanges work together to overcome this it will be better, so they cannot sell their funds as valuable lessons for them, I feel sorry for people who have been deceived and while the founder of Plus Token might be thinking about how to sell their money, my hope next year there should be no cases like this where people should stop to join a fast-rich business let alone be required to attract new users such as ponzi schemes, it's better to leave it, eth won't go under $ 80

[KillerInk]

A large number of ether (ETH) tokens have just been transferred from the wallet linked to the Ponzi PlusToken scheme. a large $ 105,099,000 crypto asset of the Ethereum network moved somewhere before today. many investors panic. This will make ETH shed even more due to PlusToken.

[Dangki01021991]

The fact that large sums of money are moving is very frightening. Whale Alert must continue to track the wallet being PlusToken. I also feel sorry for you, sorry for the people who are being victimized by PlusToken.

[pundit]

Plus token dumping ETH may be the reason for price drop of ETH but it cannot be the only reason I believe. Even BTC was dumped but it recovered whereas ETH could not recover. Personally I will be adding more ETH to my wallet if price drops. I trade forex with ETH as base currency and want to grow my ETH, it is a potential coin for me which must recover. I am not expecting ETH to go below $100 this time.

[bison]

Plus token dumping ETH may be the reason for price drop of ETH but it cannot be the only reason I believe. Even BTC was dumped but it recovered whereas ETH could not recover. Personally I will be adding more ETH to my wallet if price drops. I trade forex with ETH as base currency and want to grow my ETH, it is a potential coin for me which must recover. I am not expecting ETH to go below $100 this time.

it happened because of market conditions. the pump that happened this year could move ETH even though it fell back. that's because of the dominance of bitcoin which is very strong. if ETH wants to grow with bitcoin I think there must be a reason for increasing adoption of ETH today. when the pump happens to bitcoin I think ETH could have followed it.

[janbtc]

Terrible news, although it was expected that they'd move to dumping their ETH at some point.

Hopefully we will know when they are over and buy ETH at a really low price. Second chance for late investors.

[Palider]

Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run

[Aikidoka]

Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run

Yes, the price is decreased because of the Plustoken, but I believe that etheruim will increase again because it has really a good potential, it was being always the second after bitcoin in the market and a lot of people really like to invest in it, so we just need to be patient and wait for the next increase of prices.

[makolz26]

Ethereum has proven its existence over the past years,but because of the fact that the price has become too stable or didn't have any correction or don't have a good price movement and the negative news a lot of people were too panic too and lose confidence over Ethereum and with the fact that seems like Vitalik is not doing something good for it.

[Divinespark]

Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run

Even the ETH of PlusToken has not been sold yet. They have just moved it to another wallet and this has scared investors and sold off all ETH, causing the price of ETH to go down as low as it is now. And if PlusToken sells all that ETH, I think the price of ETH could go below 50$ or even lower, which is terrible.

[shodik007]

Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run

I don't think so, https://etherscan.io/address/0x997114ca0830e9bee7443368fa27f4af2d4e55a6 you can check at that address, all funds are still stored. I am more certain that this news is what makes ethereum prices go down

[Desscount]

Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run

I don't think so, https://etherscan.io/address/0x997114ca0830e9bee7443368fa27f4af2d4e55a6 you can check at that address, all funds are still stored. I am more certain that this news is what makes ethereum prices go down

take it easy ethereum still has strong fundamentals, and indeed prices are still very cheap for now, but this is what will make traders make long-term investments, maybe 2020 or after ETH 2.0 is launched ethereum will skyrocket

[BChydro]

I remember that time when I was in Singapore, one weird looking guy approached me and introduced me to PlusToken. As what I have seen in their compensation plan, I immediately moved away and said "No, I'll pass!". Ponzis are not for me.

I did not understand the circumstances in which you were approached by a stranger to invest into something which is crypto related, how come the one that approached you knew that you were aware of the crypto market.

I just feel sorry for those who are being victimized by PlusToken. 

The amount of money these scammers are able to collect is just staggering and they are holding $105 million dollars worth of ETH and can be dumped in the market anytime and is there nothing that can be done, i am sure their wallets are market and why not the exchanges confiscate their wallets.

[Jamalkm74]

That's not good News for ETH holders, Holder are panic if they see this news and again Eth dumping possible, now we are watch this wallet and wait that's we do.       

[Yaunfitda]

Well if the supposedly PlusToken scammers has been dumping bitcoin and other cryptos and had a negative effect on the market, then possible that it will also put a dent on Ethereum.

It was reported that the price of bitcoin was severely affected because those scammers are moving it and trying to hide their tracks so that they can cash it out. So I'm sure they will also do the same for Ethereum severely affecting its already worsening price conditions.

[momchilandonov]

Lol is this another one noname project? I dont sure that it has impact on big crypto

[mrdeposit]

A project like bitconnect and the result is the same. In fact, there was a project called mnx, they had also faced such a result. I understand that projects that generate interests mostly turn to shit/scam at the end.

Lol is this another one noname project? I dont sure that it has impact on big crypto

We are discussing how the 789k ethereum, which plustoken earned by scamming people, will affect the price. Otherwise, plustoken can do what it wants with its own tokens.