Bitcoinist.net:

plustoken behind bitcoin rally

The bitcoin price rally in the summer of 2019 may have been the work of PlusToken investors. The scam, highly influential in China, but largely invisible to Western traders and social media, benefited greatly from the hype and growing BTC prices.


Plus Token Raised Demand for Bitcoin in Early 2019

Dovey Wan, the co-founder of Primitive Crypto, is of the opinion that the PlusToken scheme may have manipulated the bitcoin market. The BTC crash in July is also ascribed to PlusToken emptying out its wallets through Huobi.

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Source: https://bitcoinist.com/is-plustoken-behind-bitcoin-bull-and-bear-price-actions-this-year/