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A certain whale address is suspected of "manipulating" the price of AUCTION coin, with a total withdrawal of 26% of AUCTION from CEX in the past month.
On March 22, according to on-chain data analyst Yu Jin's monitoring, the whale/institution that "manipulated" AUCTION withdrew a total of 2 million AUCTION from CEX using 4 addresses between February 23 and March 16, accounting for 26% of the total supply of (, almost emptying the CEX platform balance. The price of AUCTION rose from $12 to $26 during this period. On March 17, the whale/institution transferred 500,000 AUCTION (approximately $16.9 million )) back to CEX, causing the AUCTION price to pull back from $35 to $31. Since then, the AUCTION price has continued to rise, breaking new highs this morning.