Today, I will briefly talk about the situation of AUCTION coin.

Price Situation

Today, AUCTION coin experienced a significant rise, reaching as high as 68 USD, almost approaching its historical peak of 73 USD. However, the good times didn't last long, and the price subsequently fell sharply, now standing at 47.7 USD, a drop of over 30%.

Why did it rise so high and fall so quickly?

• Big Boss Manipulation: There is a powerful big boss (possibly an institution) who holds a lot of AUCTION coins. From February 23 to March 16, he withdrew 2 million AUCTION coins from Binance, accounting for 26% of the total supply, and almost cleaned out the AUCTION coins on the Binance platform. During this period, the price of AUCTION coins rose from 12 USD to 26 USD. On March 17, he transferred 500,000 AUCTION coins back to Binance, causing the price to drop from 35 USD to 31 USD. The price then surged to a new high this morning, but has since fallen again.

• Herd Behavior: The price trend of this coin is somewhat similar to the previously hot TRB coin, leading many to speculate that the operator behind TRB is back in action, prompting a rush of buying that caused the price to soar. However, when people sensed something was off, they began to sell, leading to a price drop.

Investment Advice

• Beware of Being Cut: The price of this coin is highly volatile, and the manipulation by the big boss is evident, making it feel somewhat manipulated. If you don't understand the market, it is easy to be cut, so be cautious with investments.

• Don't Chase Highs: In situations like this morning's spike to a new high, never chase to buy in, as it is easy to get trapped. Wait for the price to stabilize or find an appropriate time to consider.

• Be Aware of Risks: The cryptocurrency market is inherently chaotic, and regulatory policies are uncertain. Given the instability of this coin, you must carefully consider your risk tolerance when investing.

If you are new to the market, follow me, and I will teach you while you learn and operate; if you are already in a less-than-ideal situation, you can come to me for help, and I won't let you make the same mistakes again. If your positions are trapped, I will provide reasonable solutions based on your entry points. Since everyone's entry points vary, so will the methods for exiting; some methods suit conservative investors while others suit aggressive ones. I will surely use the most suitable methods to genuinely solve your problems and assist you in exiting.