Odaily Planet Daily News According to the monitoring of on-chain analyst @EmberCN, the whales/institutions suspected of manipulating the AUCTION market withdrew a total of 2 million AUCTION from Binance through 4 addresses from February 23 to March 16, accounting for 26% of the total supply. During this period, the price of the coin rose from US$12 to US$26, which was close to emptying the Binance inventory.
Then on March 17, the institution transferred 500,000 AUCTION (about US$16.9 million) back to Binance, causing the price of the coin to fall back from US$35 to US$31. Since then, the price of AUCTION has been rising all the way, breaking the historical high of US$68 this morning, and then quickly falling back to US$45.
At present, the institution still holds 1.5 million AUCTION through 3 addresses, equivalent to US$67.5 million, accounting for 20% of the total supply.