According to ChainCatcher, blockchain analyst Yu Jin monitored that the whales/institutions who previously withdrew 26% of the total amount from Binance transferred the last 200,000 AUCTION tokens ($4.9 million) to Binance 20 minutes ago. They have now transferred the 2 million AUCTION tokens they had accumulated earlier to Binance.

From 4 AM today until now, [the whales/institutions who withdrew 26% of the total amount from Binance] transferred 1.5 million AUCTION tokens ($49.88 million) to Binance.

The project team's address transferred 359,000 AUCTION tokens ($20.48 million) to Binance, OKX, and Gate at 3 AM.

In just 10 hours, 1.859 million AUCTION tokens ($70.36 million) flowed into CEX, which is 24.3% of the total AUCTION supply. The AUCTION price also dropped from $57 at 3 AM to $23 now, a decline of 60%.