A certain whale address is suspected of "manipulating" the price of AUCTION coins, withdrawing 26% of the total amount of AUCTION from CEX in nearly one month
On March 22nd, according to on-chain data analyst Yu Jing's monitoring, the whale/institution "manipulating" AUCTION withdrew a total of 2 million AUCTION (26% of the total amount) from a CEX using four addresses between February 23 and March 16, almost emptying the balance of this CEX platform. The price of AUCTION during this period rose from $12 to $26.
On March 17th, this whale/institution transferred 500,000 AUCTION (approximately $16.9 million) into CEX. The price of AUCTION dropped from $35 to $31. After that, the price of AUCTION continued to rise and broke new highs.
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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