Whales Abruptly Deposit Ethereum Altcoin to Binance and OKX, Causing Price To Plummet 50%: On-Chain Data
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Whales deposited 14.26% of the total AUCTION token supply to Binance and OKX exchanges, causing a significant price plummet. The large-scale selling activity led to a 50% price drop, with the token now trading at $20.93 and a market cap of $137 million.
March 25, 2025 | 12:15 am
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Large whale deposits of 1.08 million tokens to exchanges triggered a massive 50% price decline, signaling potential market instability for AUCTION.
Massive token supply being moved to exchanges typically indicates potential selling pressure, which directly impacts the token's price negatively.
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