According to reports from 吴, monitored by @EmberCN, a whale/institution suspected of manipulating the AUCTION market withdrew a total of 2 million AUCTION from Binance through 4 addresses between February 23 and March 16, accounting for 26% of the total supply. During this period, the price of the token rose from $12 to $26, nearly emptying Binance's inventory. Subsequently, on March 17, the institution transferred 500 thousand AUCTION (approximately $16.90 million) back to Binance, causing the price to retreat from $35 to $31. After that, the price of AUCTION continued to rise, breaking its historical high at $68 this morning, before quickly falling back to $45. Currently, the institution still holds 1.50 million AUCTION through 3 addresses, worth approximately $67.50 million, which is 20% of the total supply.

AUCTION

According to Wu's report, monitoring by @EmberCN has revealed that a whale/institution suspected of manipulating the AUCTION market withdrew a total of 2 million AUCTION from Binance through 4 addresses between February 23 and March 16, accounting for 26% of the total supply. During this period, the price of AUCTION rose from $12 to $26, nearly emptying Binance's inventory. Subsequently, on March 17, the institution transferred back 500,000 AUCTION (approximately $16.90 million) to Binance, causing the price to pull back from $35 to $31. After that, the price of AUCTION continued to rise and broke its historical high of $68 this morning, before quickly retreating to $45. Currently, the institution still holds 1.50 million AUCTION through 3 addresses, worth about $67.50 million, which accounts for 20% of the total supply.

Whales are suspected of manipulating AUCTION to drive up prices for selling, currently holding 20% of the total token supply.