Analysis: AUCTION's decline this morning originated from the project's address transferring 359,000 coins to multiple CEXs
according to on-chain analyst Yu Jin's monitoring, the price drop of AUCTION this morning originated from a multi-signature address of the project party transferring 359,000 AUCTION tokens (worth approximately 20.48 million USD) to exchanges such as Binance, OKEx, and Gate. The project party started transferring from address 03:13, and the AUCTION price started dropping from 03:15.
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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