The price of Ethereum has dropped significantly as the Chinese government sells off 7,000 ETH that was seized from the PlusToken scam. This move has caused a sharp decline in the value of the cryptocurrency. This development comes after the Chinese authorities confiscated the Ethereum from the PlusToken Ponzi scheme, which was one of the largest scams in the cryptocurrency space. Investors are closely monitoring the situation as the market reacts to the sale of the ETH by the government.