The drop in AUCTION this morning originated from the project party's address transferring 359,000 tokens to multiple CEXs

Odaily Planet Daily reports that according to on-chain analyst Yu Jin, the drop in AUCTION's price this morning originated from a multi-signature address of the project team starting to transfer 359,000 AUCTION (worth about 20.48 million USD) to exchanges from 03:13. The project team's address started transferring at 03:13 and the price of AUCTION began to fall from 03:15.