Chinese Anti-Scam Movie 'All or Nothing' Impacts Cryptocurrency Market

Raw Trading Ltd

The anti-fraud theme movie was officially released in mainland China. The plot involving virtual currency in the movie also caused a round of violent shocks in the currency circle. In the film, the fraudulent gang uses the virtual currency "Kitcoin" to conduct transactions as a means of money laundering, completing the last link of the "killing pigs", and some victims committed suicide as a result.

Restricted by legal factors, the film did not directly use the virtual currency that exists in reality as the creative material, but fabricated a virtual currency with the Chinese name "Ketai currency" and matched it with the English name "Ethereum" of Ethereum. A new virtual currency, "Ethereum" was launched.

However, with the opening of the screening of the movie "All or Nothing", a new virtual currency "Ketaicoin" was quickly born on the Ethereum chain, and it has attracted the attention of the circle. According to Dune data, as of press time, the trading volume of the Meme token Tether has exceeded 18 million US dollars.

IC Markets

Zhang Yixing, one of the film's leading actors, once took a photo with Justin Sun, the founder of Tron, and is regarded as one of the mainland stars who are deeply involved in the currency circle. According to the BLOCK TEMPO report, his address (0x1ed….e8a9) not only holds Ethereum and APE, but also has an equivalent of 75 US dollars in Tether.

Therefore, although the WETH in the film and the real WETH are not the same currency, many virtual currency investors still believe that the latter may use "All or Nothing" to "get out of the circle" and reproduce the Spring Festival Gala The DogeKIng skyrocketing event at that time.

According to data from Token Insight, after its launch on August 5, the market value of the currency quickly climbed to a peak on the evening of August 7, which once soared by more than a thousand times compared to the issue price. However, by August 8th and 9th, the market quickly weakened. On August 9, the quotation of Ketai currency once fell to the lowest value of $0.000000003402. On the 10th, although there was a short-term recovery, as of press time, it still remained at a low level of $0.000000006636.

In addition to the ups and downs of Ketai currency, Coin, a one-stop tool for cryptocurrency trading that appeared in movie subtitles, has also attracted the attention of many virtual currency investors.

Comments from KOL KeenZ.eth in the Chinese currency circle on Twitter