The whale/institution suspected of "managing" AUCTION transferred 750,000 AUCTION to Binance in the past 3 hours, and AUCTION was almost cut in half.

PANews reported on March 23 that according to on-chain analyst Ember Monitoring, whales/institutions that have proposed 26% of AUCTION in Binance have transferred a total of 750,000 AUCTIONs (US$29.25 million) to Binance in the past 3 hours. The price of AUCTION fell from $57 at 3:00 a.m. to $29 now, cutting it straight in half in 5 hours.

The whale/institution transferred to Binance 2 times after hoarding AUCTION:

• 500,000 yuan was transferred to Binance on 3/17, and the price of AUCTION was pulled back from $35 to $31;
• Today I transferred 750,000 yuan to Binance, and the price of AUCTION was pulled back from $57 to $29.

Currently, the whale/institution also holds 750,000 AUCTION (23.85) on-chain USD.

Yesterday's news , AUCTION was suspected to have been pulled by a whale/institution and then fell back. The whale/institution currently holds a total of 20% of the total tokens.