On March 23, according to HT market information, AUCTION dropped below $28, with the 24-hour decline expanding to 44.47%.
BlockBeats previously reported that the whale/institution that holds 26% of the total AUCTION from Binance transferred 1.05 million AUCTION tokens ($37.81 million) to Binance today. Additionally, a multi-signature address of the project team started transferring 359,000 AUCTION tokens ($20.48 million) to exchanges such as Binance, OKX, and gate.io at 03:13. The project team's address started transferring at 03:13, and the AUCTION price began to drop at 03:15.