According to Foresight News, on-chain analyst Yu Jin monitored that the price drop of AUCTION this morning originated from the project's multi-signature address transferring 359,000 AUCTION tokens (approximately $20.48 million) to exchanges such as Binance, OKX, and gate.io starting from 03:13. The project's address began transferring at 3:13, and the AUCTION price started declining from 3:15.
AUCTION's decline this morning was due to the project's address transferring 359,000 coins to multiple CEXs
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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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