A whale/institution recently withdrew 365,000 AUCTION from Binance through an address, bringing the cumulative withdrawal amount to 1.866 million
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According to monitoring by @EmberCN, a certain whale/institution has recently withdrawn 365,000 AUCTION (USD 9.62 million) from Binance over the past 2 days through one address. Now, they have cumulatively withdrawn a total of 25% of AUCTION (1,866,000) worth USD 49.4 million from Binance through 4 addresses. After the massive withdrawal of AUCTION, Binance's address now only holds 9% (706,000) of AUCTION. Such large-scale token withdrawals are often accompanied by significant price fluctuations (pump or dump) afterwards, as seen in previous examples such as TRB and BLZ.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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