ALLEGED SCAM PLUSTOKEN SELLOFF COULD DROP BTC PRICE, ANALYST CLAIMS

The cryptocurrency market is no stranger to volatility, but recent fluctuations in Bitcoin (BTC) price have sparked considerable debate.At the heart of this discussion is the alleged impact of the PlusToken scam, one of the largest Ponzi schemes in cryptocurrency history.Analysts are now claiming that the ongoing liquidation of Bitcoin associated with PlusToken could exert further downward pressure on BTC prices, potentially leading to a significant price drop. American blockchain analytics firm CipherTrace disputes the notion that PlusToken staff dumped BTC on exchanges and affected the price. This is in direct contrast to the claims made by the Chinese-run firm PeckShield.This article delves into the complexities of the situation, examining the available data, the claims made by various analysts, and the broader implications for the Bitcoin market. This article was originally published by 8btc and written by Lylian Teng. Bitcoin s recent dip under the $10,000 mark is alleged to be directly related to the incessant bitcoin sell-off caused by a $3 billion Chinese Ponzi scheme, and the dump may continue.We will explore the potential sell-off of the remaining 200,000 BTC linked to PlusToken, its possible effects on miners and overall market sentiment, and what investors should consider navigating these uncertain times.Could this alleged selloff truly trigger another bearish phase for Bitcoin?Let's unravel the details.

Understanding the PlusToken Scam

The PlusToken scam, launched in May 2025, masqueraded as a cryptocurrency wallet offering high returns to attract investors. Recent analysis shows approximately 200k total BTC associated with alleged PlustToken scam, leading to another two months of possible bearish price action ahead if the operation continuesPrimarily targeting Chinese and Korean markets, it amassed over USD $3 billion worth of cryptocurrencies, including a substantial amount of Bitcoin. Recent analysis shows approximately 200k total BTC associated with alleged PlustToken scam, leading to another two months of possible bearish price action ahead if the operation continues its supposed fund selling crypto AlphaMavenThe promise of lucrative returns proved too good to be true, and in June 2025, users found themselves locked out of their accounts, revealing the scheme as a sophisticated Ponzi.The stolen Bitcoin, estimated to be around 200,000 BTC, became a massive overhang on the market, creating persistent anxieties about potential sell-offs and price suppression.

The Scale and Impact of the Scam

• Funds Involved: Over $3 billion USD worth of cryptocurrencies were stolen.
• Affected Regions: Primarily impacted investors in China and Korea.
• Mechanism: Operated as a Ponzi scheme promising unrealistic returns.
• Consequences: Created a large supply of potentially liquidating BTC, impacting market stability.

The Analyst's Perspective: PlusToken and Bitcoin Price

Several analysts have pointed to the PlusToken liquidation as a contributing factor to Bitcoin's price volatility.Crypto-Twitter analyst Ergo, for instance, suggests that recent selling pressure might stem from the continued liquidation of the 200,000 BTC associated with the scam. Bitcoin's Sharp Price Drop May Have Been Prompted by $120M Scam Sell-off Bitcoin has quickly plunged to two-month lows, with some analysts suggesting an over-$100 million liquidation by PlusTokenThe scale of this potential sell-off is significant enough to sway market dynamics, especially when coupled with other factors influencing Bitcoin's price.Even though the scam occurred several years ago, the potential for this ""war chest"" of BTC to be dumped onto the market remains a concern.

Key Claims and Analysis

• Ongoing Liquidation: Analysts believe the PlusToken funds are still being liquidated.
• Bearish Pressure: This liquidation could exert downward pressure on Bitcoin's price.
• Timeframe: Some estimate this pressure could last for another two months if the selling continues.

The Mechanics of the Sell-Off

How exactly is this liquidation happening? 🚨MASSIVE SIGNAL: The anti-crypto era is officially ending🚨🔹BitMEX founder @CryptoHayes: Pardoned🔹Hawk Tuah Girl s token: SEC dropped the case🔹FDIC rulesReports suggest that the PlusToken funds are being moved through Over-the-Counter (OTC) brokers.OTC desks facilitate large trades outside of traditional exchanges, making it harder to trace the origin and destination of the funds. As Cointelegraph reported on Aug. 18, the alleged PlusToken scam was thought to have moved over $240 million of proceeds in BTC, according to a tweet posted by Whale Alert, an account that flags large crypto transactions.The sheer volume of Bitcoin being sold through these channels can flood the market, suppressing prices.Analyst Alex Krüger highlights that while the PlusToken liquidation contributes to the problem, a lack of sufficient buying demand also plays a crucial role.

OTC Brokers and Market Impact

• OTC Liquidation: Funds are allegedly being liquidated through OTC brokers.
• Difficult to Trace: OTC trades are often less transparent than exchange trades.
• Impact on Supply: Increased supply from the sell-off can lower prices if demand is insufficient.

The Ethereum Connection and Broader Market Fears

The impact of the PlusToken scam isn't limited to Bitcoin. The third-largest Ponzi scam in history, Plus Token Wallet, could be responsible for the drop in price Bitcoin saw last week.According to one analyst, the massive liquidation from the Plus Token scam caused an abnormal effect on the market, leading to an increased sell pressure that forced miners to capitulate way ahead of schedule.Recent reports indicate that the Chinese government is moving seized Ethereum (ETH) worth millions from wallets associated with the scheme.This has caused the Ethereum price to dip, raising concerns about a potential broader sell-off impacting other cryptocurrencies. Bitcoin's price recently fell to around $6,500 as selling pressure continues to plague the market.[BREAK] Recent data from crypto-Twitter analyst Ergo shows such selling is possibly due to further liquidation of 200,000 BTC in funds from the alleged PlusToken ponzi scheme.[BREAK] If my numbers are correct, the 200k BTC estimates reported earlier this year were correct, and market impacts willThe fear is that the liquidation of these seized assets could further destabilize the market.

Ethereum Sell-Off and Market Contagion

• Ethereum Liquidation: Seized ETH is being moved, sparking sell-off fears.
• Price Drop: Ethereum price has fallen due to increased selling pressure.
• Contagion Risk: Concerns that other cryptocurrencies could be affected.

Counterarguments and Alternative Perspectives

While the narrative of the PlusToken sell-off influencing Bitcoin's price is compelling, it's crucial to consider alternative viewpoints. Analysis shows bearish Bitcoin pressure may continue for the next two months if alleged ponzi PlusToken sells off what s left of its 200k BTC war chest. This year has yielded significant price action for Bitcoin, both to the upside and to the downside. Bitcoin s price recently fell to around $6,500 as selling pressure continues to plagueAmerican blockchain analytics firm CipherTrace, for instance, disputes the claim that PlusToken staff dumped BTC directly on exchanges and affected the price. Assuming early August as the starting point of the sell-off, he also estimated the consequent daily excess of Bitcoin at an average of 1,300 BTC an amount that looks substantial enough toThis perspective highlights the complexities of tracing illicit funds and the potential for misinterpretation of on-chain data.Understanding that not everyone agrees with the ""PlusToken dump"" narrative is critical for nuanced analysis.

Challenging the Narrative

• CipherTrace's Disagreement: Questions the direct impact of PlusToken dumps on exchanges.
• On-Chain Data Interpretation: Highlights the complexities of tracking illicit funds.
• Alternative Explanations: Suggests other factors could be contributing to price fluctuations.

Analyzing the Numbers: Estimating the Sell-Off's Impact

Analyst AlphaMaven estimates that, assuming the sell-off began in early August, the consequent daily excess of Bitcoin could average around 1,300 BTC. Investors should brace for a potential double-digit drop in bitcoin, according to Katie Stockton.; The top technical analyst said she saw bitcoin finding support at $84,500, implying 13% downside.While this number may seem relatively small compared to Bitcoin's overall trading volume, it's important to remember that market psychology and sentiment play a significant role in price determination.Even a relatively small increase in selling pressure can trigger a disproportionate price drop if it sparks fear and uncertainty among investors. Skip to main content Bitcoin Insider. MenuThe perceived fear, uncertainty, and doubt (FUD) related to this event can accelerate the consequences.

Quantifying the Potential Impact

• Daily Excess: Estimated at around 1,300 BTC per day.
• Market Psychology: Fear and uncertainty can amplify the impact of selling pressure.
• Investor Sentiment: Negative sentiment can lead to further price declines.

Bitcoin's Price Drop to $6,500: A Direct Consequence?

Bitcoin's recent price drop to around $6,500 has been attributed by some to the ongoing selling pressure from PlusToken liquidations. The third-largest Ponzi scam in history, Plus Token Wallet, could be responsible for the drop in price Bitcoin saw last week. According to one analyst, the massive liquidation from the Plus Token scam caused an abnormal effect on the market, leading to an increased sell pressure that forced miners to capitulate way ahead of schedule.While it's impossible to definitively prove a direct causal link, the timing and scale of the alleged sell-off do suggest a possible correlation.The fact that the price drop coincided with reports of increased selling activity from PlusToken-related wallets lends credence to the argument. The PlusToken Ponzi scheme has and continues to impact the price of Bitcoin as funds are liquidated via OTC brokers, but half the problem facing the BTC market is a lack of buying demand according to analyst Alex Kr ger.However, other factors, such as macroeconomic conditions, regulatory developments, and overall market sentiment, also contribute to Bitcoin's price fluctuations.

Attributing the Price Drop

• Timing: Price drop coincided with alleged PlusToken sell-off.
• Correlation: Suggests a possible connection between the two events.
• Other Factors: Macroeconomic conditions and regulations also play a role.

Navigating the Uncertainty: What Investors Should Do

Given the uncertainty surrounding the PlusToken situation and its potential impact on Bitcoin's price, investors should exercise caution and adopt a well-informed strategy.This includes staying up-to-date on market developments, understanding the risks involved, and diversifying their portfolios. The recent Bitcoin price drop sparked intense debate, with claims of a Chinese sell-off of seized PlusToken funds taking center stage. This article explores the complexities, examining on-chain data, market sentiment, and technical indicators to offer a nuanced perspective. Key Takeaways:Avoiding emotional decisions and focusing on long-term investment goals is also crucial.Now is not the time to panic sell; instead, critically examine your investment strategies and risk tolerance.Consider these strategies:

Strategies for Navigating Uncertainty

1. Stay Informed: Keep abreast of market developments and news related to PlusToken.
2. Understand Risks: Assess the potential impact of the sell-off on your portfolio.
3. Diversify: Spread your investments across different assets to mitigate risk.
4. Avoid Emotional Decisions: Resist the urge to panic sell based on short-term price fluctuations.
5. Long-Term Perspective: Focus on your long-term investment goals.

The Broader Market Context: Beyond PlusToken

It's essential to remember that the PlusToken situation is just one piece of the puzzle influencing Bitcoin's price.Other factors, such as institutional adoption, regulatory clarity, and macroeconomic trends, also play a significant role. The Ethereum market is under intense selling pressure as the Chinese government moves 7,000 ETH worth $16.7 million from wallets seized in the infamous Plus Token scam. This development has caused the Ethereum price to drop below $2,400, fears of a potential larger selloff that could drive prices even lower.Even developments within the blockchain ecosystem, like upgrades, forks, and new technologies, can impact market sentiment. Analysis shows bearish Bitcoin pressure may continue for the next two months if alleged ponzi PlusToken sells off what s left of its 200k BTC war chest Please note, this is a STATIC archive of website cointelegraph.com from, cach3.com does not collect or store any user information, there is no phishing involved.Ignoring these broader market forces can lead to a skewed understanding of Bitcoin's price dynamics.

External Factors Influencing Bitcoin's Price

• Institutional Adoption: Increased institutional investment can drive up prices.
• Regulatory Clarity: Clear regulations can foster confidence and attract investment.
• Macroeconomic Trends: Economic conditions can impact investor sentiment and risk appetite.
• Technological Developments: Advancements in blockchain technology can influence market dynamics.

The End of the Anti-Crypto Era?

Recent events suggest that the negative sentiment surrounding cryptocurrency may be waning. Plus Token was a scam that caused a huge sensation in 2025. Launched in May 2025 with the intention to become a cryptocurrency wallet. It attracted large numbers of Chinese and Korean investors collecting over USD $3 billion worth of cryptocurrencies. However in June 2025, affiliates found that they could not access their commissions. In this article [ ]BitMEX founder Arthur Hayes received a pardon, a case against the ""Hawk Tuah Girl"" token was dropped by the SEC, and the FDIC has released new rules. Bitcoin s price recently fell to around $6,500 as selling pressure continues to plague the market. Recent data from crypto-Twitter analyst Ergo shows such selling is possibly due to further liquidation of 200,000 BTC in funds from the alleged PlusToken ponzi scheme.These developments, combined with the ongoing adoption of Bitcoin by institutional investors, point to a potential shift in the market narrative.Even with the uncertainty surrounding the PlusToken sell-off, the long-term outlook for Bitcoin may be brighter than some anticipate. See full list on coinbureau.comHowever, caution is still advised.

Signs of a Shift in Sentiment

• Hayes' Pardon: Suggests a potential softening of regulatory stance.
• SEC Case Dropped: Indicates a more cautious approach to token regulation.
• FDIC Rules: Provides clarity for investors and institutions.
• Institutional Adoption: Increasing interest from institutional investors.

Future Outlook: Potential Scenarios

Predicting Bitcoin's future price is inherently challenging, but analyzing the potential impact of the PlusToken sell-off allows us to consider several scenarios.If the liquidation continues at a consistent pace, we could see continued downward pressure on prices.However, if buying demand increases or the sell-off abates, Bitcoin could recover and resume its upward trajectory.Alternatively, a prolonged period of sideways trading is also possible, as the market absorbs the impact of the PlusToken funds.Investors should be prepared for a range of potential outcomes.Technical analyst Katie Stockton, for example, suggested Bitcoin could find support at $84,500 after a possible double-digit percentage drop.

Potential Price Scenarios

• Continued Downward Pressure: If the sell-off continues unabated.
• Price Recovery: If buying demand increases or the sell-off abates.
• Sideways Trading: As the market absorbs the impact of the PlusToken funds.

FAQ: Addressing Common Questions About PlusToken and Bitcoin

Will the PlusToken sell-off crash Bitcoin's price completely?

While the PlusToken sell-off can exert downward pressure on Bitcoin's price, it's unlikely to cause a complete crash. Analysis shows bearish Bitcoin pressure may continue for the next two months if alleged ponzi PlusToken sells off what s left of its 200k BTC war chest. This year has yielded significantBitcoin is a decentralized asset with a global market, and its price is influenced by a multitude of factors.The PlusToken funds represent a significant, but not insurmountable, amount of Bitcoin.

How can I track the PlusToken funds?

Tracking the PlusToken funds is a complex task, as they are often moved through OTC brokers and obfuscation techniques.Blockchain analytics firms are actively working to monitor these transactions, but it's difficult to provide a real-time, comprehensive view.Staying informed about reports from reputable sources is the best approach.

Should I sell my Bitcoin because of the PlusToken situation?

The decision to sell Bitcoin depends on your individual investment goals, risk tolerance, and financial situation.It's important to avoid making emotional decisions based on fear or speculation.Carefully assess the risks and potential rewards before making any investment decisions.

Conclusion: Navigating the PlusToken Uncertainty

The alleged PlusToken selloff remains a significant point of discussion within the cryptocurrency community.The possibility of a sustained, bearish price action due to the remaining 200,000 BTC being liquidated is a realistic concern, but not a certainty.It's vital for investors to approach this situation with caution, a critical eye, and a well-informed investment strategy.Keeping abreast of market developments, understanding the different perspectives, and focusing on long-term goals can help weather this potential storm.Ultimately, Bitcoin's resilience will depend on its broader adoption, technological advancements, and the overall health of the cryptocurrency market.The situation highlights the importance of diligence when investing in cryptocurrency and to remain skeptical of investment opportunities that have returns that are too good to be true, as was the case with the PlusToken scam.Remember to always do your own research (DYOR).While the PlusToken selloff could contribute to short-term volatility, the long-term trajectory of Bitcoin will be determined by a complex interplay of market forces.