$AUCTION  seems to be victim of price manipulation, says analyst

On-chain analyst @EmberCN noted via X that the AUCTION token appears to be the victim of a price manipulation scheme. Between Feb. 23 and March 16, the manipulator (a whale or institution) withdrew a total of 2 million AUCTION (26% of the total supply) from Binance Exchange through four addresses, leading to AUCTION's price increasing from $12 to $26. Subsequently, the manipulator moved 500,000 AUCTION to Binance on March 17, driving down the price of the token from $35 to $31. Since then, AUCTION hit an all-time high of $68 this morning before falling back to $45. Currently, the manipulator still holds 1.5 million AUCTION, valued at approximately $67.5 million. $AUCTION