A certain whale/institution has been continuously withdrawing AUCTION from Binance, with a total of 365,000 tokens withdrawn in the past two days.

BlockBeats News, March 16th, according to ChainNews, a whale/institution has recently withdrawn 365,000 AUCTION tokens (9.62 million USD) from Binance through a single address in the past 2 days.

So far, they have withdrawn a total of 25% of AUCTION tokens (1.866 million tokens), worth 49.4 million USD, through 4 different addresses from Binance. After withdrawing this large amount of AUCTION tokens, only 9% (706,000 tokens) remains in Binance's address.

ChainNews stated that such large-scale token withdrawals are often followed by significant price volatility (either a pump or a dump). Previous examples include TRB and BLZ.