According to cryptocurrency onchain data, a large cryptocurrency whale who owns a large amount of Bounce Token (AUCTION) transferred all of his remaining tokens to Binance today.
Although the huge transfer of 500,000 AUCTION, equivalent to 15.28 million dollars, does not necessarily mean a sale, if the whale wallet had made a sale, it would have made a total profit of 7.88 million dollars.
With this development, when we take into account the previous transfers made by this whale, we see that he has transferred a total of $37.81 million worth of AUCTION tokens to Binance. Due to this behavior of the whale, the total loss amount in AUCTION token in the last 24 hours has reached 62%. The altcoin, which was traded at around $57 yesterday, is at $22 at the time of writing this article.
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Listed on both Binance and Coinbase, the altcoin broke its all-time high record with a price of $70 4 years ago.
*This is not investment advice.
Continue Reading: Beware: Massive Whale Dumped This Binance-Listed Altcoin – Deep Price Decline
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