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$AUCTION Faces Major Price Drop as Suspected Dealers Replenish Exchanges, Bounce Finance Locks Up Tokens

There was a big change in the $AUCTION token market over the weekend, as suspected dealers sent 1.66 million AUCTION tokens to exchanges from seven different addresses. This put 25.18% of the total circulating supply of the token on the market, for an estimated value of $65.08 million. As you might guess, the impact on the price of AUCTION wasn't good. It had just about halved from where it was before the weekend when we checked this morning. From the moment these tokens first began trading on the exchanges at 03:18 this morning, the value of AUCTION has plummeted from $56.38 to a mere $27.75—definitely a significant drop. What has everyone worried, though, is that we have seen such a substantial amount of these tokens hitting the market that you can only conclude we are seeing a major sell-off. https://twitter.com/ai_9684xtpa/status/1903660915024925139 […]

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