AUCTION is 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

PANews reported on March 22 that according to monitoring by on-chain analyst Ember, the price of $AUCTION broke a new high ($68) this morning and then fell back to $45.

• The whales/institutions that "manipulated" AUCTION used 4 addresses to withdraw a total of 2 million AUCTION (26% of the total) from Binance from February 23 to March 16. The price of AUCTION rose from $12 to $26 during this period.
• On March 17, they transferred 500,000 AUCTION (US$16.9 million) to Binance, and the price of AUCTION fell back from US$35 to US$31.
• Since then, the price of AUCTION has continued to rise until it reached a new high this morning.

There are currently 3 whale/institutional addresses on the AUCTION chain that "manipulate" AUCTION, holding a total of 1.5 million AUCTION (US$67.5 million), which is 20% of the total: