AUCTION Coin: A Bloody Slaughter Show of Whales, the Nightmare and Awakening of Retail Investors
At 3 a.m., while most people are still asleep, a bloody capital game is unfolding in a corner of the cryptocurrency world—AUCTION Coin plummeted from $68, a 30% crash like a guillotine, shattering the wealth dreams of countless retail investors.
This is not the first time, and it certainly will not be the last.
The Whale's "ATM Game": How 26% Circulation Manipulates Human Nature?
Do you think you are trading coins? In fact, the coins are trading you.
On the 23rd, a whale quietly withdrew 2 million AUCTION from Binance, equivalent to 26% of the total circulation—this is like sweeping all the chips off the table into one's own pocket;
On March 16, the AUCTION on Binance was almost drained, with the price violently surging from $12 to $26, and countless retail investors shouted, "The bull is here!";
On March 17, the whale flipped and dumped 500,000 coins back to the exchange, causing the price to plummet 14% in an instant—those who shouted "buy the dip" heard the sound of wealth evaporating for the first time.
Early this morning, the script repeated itself: the price soared to a historic high of $68, but the whale sneered in the dark web-like blockchain data— the crazier the rise, the harsher the slaughter.
The Return of the TRB Ghosts: The Bloody Carnival of Followers
When the market wildly spread the news that "the TRB big player has switched to AUCTION", I seemed to see the ghosts of last year's investors who jumped from buildings during the TRB crash.
At 6 a.m., a group of 500 cryptocurrency traders erupted: "Charge! The TRB big player is here, this time we must double our money!"
At 9 a.m., the price soared to $68, and the group owner posted a screenshot of a million-dollar profit, with newbies blinded by greed betting all their savings;
At 1 p.m., the price crashed to $47, and the group suddenly fell silent—some quietly left the group, while others sent links for crowdfunding...
This is not investing; this is a meticulously designed collective madness.
