Analysis: Most of the ETH transferred by dormant wallets related to Plus Token has been sold in 2021
According to on-chain analyst Ember, dormant wallets related to Plus Token are transferring a large amount of ETH tonight.
1. 789,534 ETH Most of which entered the Bidesk exchange through multiple addresses in June-September 2021 (the exchange closed down at the end of 2021), and then was withdrawn from Bidesk and transferred to Huobi. Among them, 268,843 ETH entered Bidesk through just four Bidesk deposit addresses.
2. About 12 addresses that have collected ETH related to Plus Token in the last 30 hours have collected a total of 25,757 ETH (63.10 million USD). Some of these ETH did not transfer to Bidesk in 2021; some did not transfer to Huobi after being removed from Bidesk.
The rough conclusion is that the majority of this 789,534 ETH should have been sold in 2021, and the current collection is a small fraction of what was not sold in 2021.