A certain whale address is suspected of "manipulating" the price of AUCTION. In the past month, 26% of the total amount of AUCTION withdrawn from Binance

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MarsBit
2 days ago
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Mars Finance News, on March 22, according to on-chain data analyst Yu Jin's monitoring, the whale/institution "manipulating" AUCTION withdrew 2 million AUCTION tokens (26% of total supply) from Binance using 4 addresses between February 23 and March 16, almost emptying Binance's platform balance. The AUCTION price rose from $12 to $26 during this period. On March 17, the whale/institution transferred 500,000 AUCTION tokens (approximately $16.9 million) into Binance, and the AUCTION price dropped from $35 to $31. Subsequently, the AUCTION price continued to rise and reached a new high this morning.

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