TechFlow News, March 17 — According to Etherscan monitoring, a whale/institution that withdrew 2 million AUCTION tokens (26% of total supply) from Binance has transferred 220,000 AUCTION tokens, worth approximately $7.18 million, back to Binance within the past 10 minutes.
The tokens were originally withdrawn via four different addresses, each withdrawing 500,000 AUCTION. The earliest address to withdraw AUCTION has now fully returned its entire balance of 500,000 AUCTION to Binance within the past five hours.
As a result, the AUCTION token price has declined from $35 to its current level of $32. On-chain data shows the institution still holds 1.5 million AUCTION across three remaining addresses:
- 0xEF8Ca93cBaA3F67525c18feaF7082A247B66155B (already transferred back to Binance)
- 0xAd2E7CeB5cE3C4FD0AbD3c0d6a39646C52644403 (holding 500,000 tokens)
- 0x02a16EB459fb61d1d127ADBCbfB5575F346d052f (holding 500,000 tokens)
- 0xEc17Da400f7e23Cc6081A53d488189Ad6C4fa09c (holding 500,000 tokens)
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