A certain whale address is suspected of "manipulating" the price of AUCTION coins, withdrawing 26% of the total amount of AUCTION from CEX in nearly one month

On March 22nd, according to on-chain data analyst Yu Jing's monitoring, the whale/institution "manipulating" AUCTION withdrew a total of 2 million AUCTION (26% of the total amount) from a CEX using four addresses between February 23 and March 16, almost emptying the balance of this CEX platform. The price of AUCTION during this period rose from $12 to $26.

On March 17th, this whale/institution transferred 500,000 AUCTION (approximately $16.9 million) into CEX. The price of AUCTION dropped from $35 to $31. After that, the price of AUCTION continued to rise and broke new highs.