TechFlow reports that on March 23, according to on-chain analyst Yujin's monitoring, a whale/institution that had withdrawn 26% of the total AUCTION supply from Binance transferred a total of 750,000 AUCTION tokens (worth $29.25 million) back to Binance over the past three hours. The price of AUCTION has dropped from $57 at 3:00 AM to $29 now, halving within just five hours.
After accumulating AUCTION, this whale/institution has transferred tokens into Binance twice:
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On March 17, it transferred 500,000 tokens to Binance when AUCTION’s price corrected from $35 to $31;
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Today, it transferred 750,000 tokens to Binance as the price fell from $57 to $29.
The whale/institution still holds 750,000 AUCTION tokens (worth $23.85 million) on-chain.
Earlier report: A suspected manipulative whale/institution withdrew approximately 2 million AUCTION tokens—about 26% of the total circulating supply—from Binance via four different addresses between February 23 and March 16.
