Auction Whales Snooze as Token's Price Soars

IconCryptoNewsTerminal Staff29 May, 2024

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Auction Whales Snooze as Token's Price Soars

Of the top 25 addresses in terms of holdings on Auction, six addresses hold a total of 681,451 AUCTION (approximately $18.09 million), according to on-chain data analytics provider SpotOnChain. Notably, five of these addresses have been dormant for extended periods, ranging from two weeks to six months. This inactivity suggests that these whales are not actively engaged in trading or moving their AUCTION tokens, despite the recent surge in the token's price.