The drop in AUCTION this morning originated from the project party's address transferring 359,000 tokens to multiple CEXs
Odaily Planet Daily reports that according to on-chain analyst Yu Jin, the drop in AUCTION's price this morning originated from a multi-signature address of the project team starting to transfer 359,000 AUCTION (worth about 20.48 million USD) to exchanges from 03:13. The project team's address started transferring at 03:13 and the price of AUCTION began to fall 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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