On March 17th, COINOTAG reported significant movement within the crypto markets as a notable whale entity associated with AUCTION tokens has executed substantial transactions. Recent monitoring by EmberCN reveals that the address that previously withdrew 2 million AUCTION tokens, accounting for a staggering 26% of the total supply, has transferred an additional 220,000 AUCTION tokens, valued at approximately $7.18 million, back to Binance just 15 minutes ago.
This transfer, conducted using four distinct addresses, with each maintaining a balance of 500,000 tokens, highlights the strategic maneuvers adopted by large holders in the cryptocurrency sphere. The earliest address involved, 0xEF8Ca93cBaA3F67525c18feaF7082A247B66155B, has already sent its entire 500,000 AUCTION tokens to Binance within the last five hours, coinciding with a notable price retracement from $35 to its current level of $32.