AUCTION's decline this morning originated from the project owner's address transferring 359,000 coins to multiple CEXs

Odaily News According to the monitoring of on-chain analyst Yu Jin, the price drop of AUCTION this morning originated from the action of the project address. A multi-signature address of the AUCTION project began to transfer 359,000 AUCTION (worth approximately 20.48 million US dollars) to exchanges such as Binance, OKX, and Gate at 03:13. The project address began to transfer at 03:13, and the price of AUCTION began to fall from 03:15.