"The whale/institution withdrew 2 million AUCTION from Binance" transferred the last 200,000 AUCTION to Binance

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Cointime2025/03/23 07:11

By:Cointime

according to the on-chain analyst Yu Jin's monitoring, "a whale/institution from Binance proposed to transfer 2 million AUCTION tokens" just over 20 minutes ago transferred the final 200,000 AUCTION tokens (worth approximately $4.9 million) to Binance. The whale/institution that hoarded 2 million AUCTION tokens earlier has now transferred all of them to Binance.

From 4 am today until now, "a whale/institution proposed to transfer 26% of the total supply" transferred 1.5 million AUCTION tokens (worth approximately $49.88 million) to Binance.

The project party address transferred 359,000 AUCTION tokens (worth approximately $20.48 million) to Binance, OKX, and Gate at 3 am.

In just 10 hours, 1.859 million AUCTION tokens (worth approximately $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 decrease of 60%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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