A Whale Address Suspected of "Manipulating" AUCTION Price, Withdraws 26% of AUCTION from Binance in the Past Month

BlockBeats News, March 22, according to on-chain data analyst Yu Jin's monitoring, the "manipulator" whale/institution of AUCTION withdrew a total of 2 million AUCTION tokens (26% of the total supply) from Binance using 4 addresses from February 23 to March 16, almost draining Binance's AUCTION balance. The AUCTION price during this period increased from $12 to $26.

· On March 17, the whale/institution transferred 500,000 AUCTION tokens (approximately $16.9 million) into Binance, causing the AUCTION price to drop from $35 to $31. Subsequently, the AUCTION price continued to rise, breaking to a new all-time high this morning.