The decline came as investors sent millions of dollars worth of altcoins to cryptocurrency exchanges.
Reported by on-chain analysis platform Lookonchain to data according to AMMX With the completion of the token launch, Bounce (AUCTION) assets began to be moved from staking to exchanges. To be involved in AMMX before AUCTION staking by users withdraw these assets from staking pools to Binance sent.
AUCTION worth tens of millions of dollars was sent to Binance for sale in a short time, which negatively affected the price. According to CoinGecko data, in the last 24 hours 16% value loser AUCTION, 47 dollars from level for $33 decreased by .
On the other hand, with the sharing of news that AUCTION would be used for staking, factors such as AUCTION staking for AMMX increased the price. AUCTION by data more than 200% in the last month rose. whales just 19 December at the AUCTION price with the large purchases they made on the day 70% increase It had led.
Decentralized auction platform Bounce, which stands out as from $35.66 is being traded.
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Related article: Altcoin Price Increased 70 Percent Today with Million Dollar Purchases from Binance!
Beware of Price Drop in This Altcoin: Locked Tokens Are Deposited to Binance! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.
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