In fact, the institutions and project parties are one group of people, just different wallets.
余烬Ember
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[Whales/Institutions that withdrew 26% of the total from Binance] transferred the last 200,000 $AUCTION ($4.9M) to Binance 20 minutes ago. The 2 million $AUCTION they accumulated earlier has all been transferred to Binance.
◎ Since 4 AM today, [Whales/Institutions that withdrew 26% of the total from Binance] have transferred 1.5 million $AUCTION ($49.88M) to Binance. ◎ The project address transferred 359,000 $AUCTION ($20.48M) to Binance, OKX, and Gate at 3 AM.
In just 10 hours, 1.859 million $AUCTION ($70.36M) flowed into CEX, which is 24.3% of the total $AUCTION supply. As a result, the AUCTION price has dropped from $57 at 3 AM to the current $23, a decrease of 60%.