Whale Withdraws 365,000 AUCTION Tokens from Binance, Signaling Potential Price Volatility

On March 16th, COINOTAG reported significant activity in the cryptocurrency market as a major **whale** has executed a substantial withdrawal of **365,000 AUCTION tokens**, equivalent to approximately **9.62 million USD**. This action took place over the past two days and is part of a broader trend wherein this entity has removed a total of **25% of the circulating AUCTION supply**, amounting to **1.866 million tokens**, via four distinct addresses from **Binance**. Notably, this withdrawal has left a mere **9%** of the total **AUCTION tokens** (or **706,000 tokens**) remaining on Binance’s platform. Such **large-scale withdrawals** can often lead to heightened market **volatility**, which could manifest as either a price surge or a dramatic drop. Historical instances involving tokens like **TRB** and **BLZ** provide a precedent for the potential impact of these actions on the market dynamics.