Analysis: Whales/institutions holding 26% of the total AUCTION have achieved a certain degree of "market control", and their holdings are already equivalent to the total amount on various platforms
Golden Finance reports that according to EmberCN, the distribution of AUCTION tokens on-chain is roughly as follows: whales/institutions holding 26% of total AUCTION have achieved a certain degree of "market control". Trading platform wallets hold a total of 2.11 million AUCTION, accounting for 27% of the total; recently, whales/institutions withdrawing from CEX hold a total of 2 million AUCTION, accounting for 26% of the total; project addresses still hold 1.91 million AUCTION, accounting for 25% of the total. The last transfer out from two multi-signature wallets owned by the project was five months ago and it's estimated there will be no operations in the short term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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