Analysis: A whale/institution holding 26% of the total AUCTION supply has to some extent achieved "price control," with their holdings now representing a significant portion of the total across various platforms

BlockBeats News, March 16, according to EmberCN, the on-chain distribution of AUCTION chips was roughly disclosed, and whales/institutions holding 26% of the total AUCTION supply have already to some extent "controlled the market."

Exchange wallets (Upbit/Binance/OKX) collectively hold 2.11 million AUCTION, accounting for 27% of the total supply;

Whales/institutions that recently withdrew AUCTION from Binance hold a total of 2 million tokens, accounting for 26% of the total supply;

The project team's address still holds 1.91 million AUCTION, accounting for 25% of the total supply. The last outflow from the project team's two multi-signature wallets was 5 months ago, and it is estimated that there will be no operations in the near term.