🚨 Warning of Whale Manipulation: Collapse of $AUCTION from $68 to $27! 🚨
🔹 Key Events:
📌 Massive Withdrawal: Between February 23 and March 16, one whale withdrew 2 million AUCTION tokens (equivalent to 26% of the total supply) from Binance.
📌 Price Pump: During this period, $AUCTION jumped from $12 to $26, possibly due to a lack of liquidity.
📌 Beginning of the Collapse: On March 17, the whale re-deposited 500,000 AUCTION tokens (~$16.9M) to Binance, causing the price to drop from $35 to $31.
📌 Sharp Collapse: AUCTION reached a peak of $68 before collapsing to the $27 - $47 range, wiping out recent gains.
🔹 Whales Still in Control!
💰 The whale still holds 1.5 million AUCTION (~$67.5M), which is 20% of the total supply!
🔹 What Does This Mean?
🔺 There seems to be clear market manipulation—whales are accumulating, then pumping, and finally selling to individual traders.
⚠️ Beware of low liquidity coins that are easy for whales to control!
📉 Will AUCTION recover, or are the whales planning another move? Share your thoughts!