---
title: "Ethereum large holders move $2 billion in ETH in two hours"
url: https://diffcoin.com/ethereum-large-holders-move-2-billion-in-eth-in-two-hours/
description: "Large Ethereum holders moved $2b in ETH, with dormant addresses linked to PlusToken scheme awakening. ETH price dips 2.2% amid the activity."
published: 2024-08-07
updated: 2024-08-07
author: "Mila"
site: "Diffcoin"
---

# Ethereum large holders move $2 billion in ETH in two hours

### Key Takeaways

- Dormant ETH addresses linked to PlusToken moved $2 billion after three years.
- Spot Ethereum ETFs saw $100 million inflows, the second-largest since launch.

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Large Ethereum (ETH) holders moved 820,000 ETH in the past 24 hours, equivalent to over $2 billion. As reported by the user Lookonchain on X (formerly Twitter), market maker Jump Crypto transferred over $29 million for sale and redeemed $48 million from the liquid staking protocol Lido.

Notably, ETH addresses dormant for over three years moved $2 billion in ETH two hours ago, which amounts to 789,533 ETH. Lookonchain tied the addresses to the now-defunct Chinese Ponzi scheme PlusToken, which was dismantled in November 2020, and had $4.2 billion in crypto seized.

“Through on-chain tracking, we found that these funds came from the wallet ‘Plus Token Ponzi 2’. Plus Token Ponzi 2 dispersed 789,533 ETH to thousands of wallets in 2020 and has not moved since April 2021,” added the X user.

This news might have impacted ETH’s price, as it suffered a 2.2% pullback in the past hour at the time of writing, the most significant correction among the 20 largest crypto by market cap.

## Ethereum ETFs register positive flows

![Sapphire](https://static.cryptobriefing.com/wp-content/uploads/2024/03/18060845/600x500.jpg)

Meanwhile, the spot Ethereum exchange-traded funds (ETF) traded in the US registered nearly $100 million in inflows on Aug. 6, making it the second-largest net inflows since their launch on July 23.

As reported by Crypto Briefing, Grayscale’s ETF, ETHE, saw nearly $40 million in outflows yesterday, marking the smallest amount since its conversion from a trust. Moreover, Ethereum ETFs registered $265 million in daily trading volume on Tuesday, according to data from DefiLlama.

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