Whales/institutions and project parties holding 26% of AUCTION's total amount transferred a total of 1.109 million pieces to CEX today, which may cause a price cut of 5 hours

BlockBeats News: On March 23rd, according to EmberCN monitoring, whales/institutions that had previously requested AUACTION 26% of their total AUACTION amount from Binance have transferred a total of 750000 AUACTION ($29.25 million) into Binance in the past 3 hours. The price of AUACTION has dropped from $57 at 3am to $29 now, cutting in half within 5 hours. The whale/institution transferred a total of 2 AUCTION stocks to Binance: on March 17th, 500000 stocks were transferred to Binance, when the AUACTION price dropped from $35 to $31; Today, 750000 coins were transferred to Binance, and the AUCTION price dropped from $57 to $29. At present, it still holds 750000 AUctions ($23.85 million) on the chain. In addition, the initial price drop of AUACTION today may have been due to the actions of the project party's address: a multi signature address of the project party began to transfer 359000 AUACTION (20.48 million US dollars) to trading platforms such as Binance, OKX, and Gate. io at 03:13. The project address started transferring at 03:13, and the AUACTION price began to decline at 03:15.