PANews reported on March 23 that according to monitoring by on-chain analyst Yu Jin, whales/institutions that withdrew 26% of the total AUCTION from Binance transferred a total of 750,000 AUCTION (US$29.25 million) to Binance in the past three hours. The price of AUCTION fell from US$57 at 3 a.m. to US$29 today, a direct halving in five hours.

This whale/institution has transferred AUCTION to Binance twice since it accumulated it:

• On March 17, 500,000 AUCTION tokens were transferred to Binance. At that time, the price of AUCTION fell back from US$35 to US$31.
• 750,000 AUCTION tokens were transferred to Binance today, and the price of AUCTION dropped from US$57 to US$29.

Currently, the whale/institution still holds 750,000 AUCTION (23.85) million US dollars on the chain.

According to news yesterday , AUCTION was suspected to have been pulled to a new high by a certain whale/institution and then fell back. The whale/institution currently holds 20% of the total tokens.