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The drop in AUCTION this morning originated from the project party's address transferring 359,000 tokens to multiple CEXs

The drop in AUCTION this morning originated from the project party's address transferring 359,000 tokens to multiple CEXs

Bitget2025/03/23 01:49

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.

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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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