Bounce Brand: The team did not participate in any AUCTION price manipulation and voluntarily locked approximately 1.5 million tokens from funds and team allocations.
PANews reported on March 23 that Bounce Brand stated on platform X that it hopes to clarify the community's recent concerns about AUCTION price fluctuations. It needs to be made clear that the team has not participated in any price manipulation of AUCTION tokens. In the past few weeks, some unknown parties have accumulated over 20% of the total supply of AUCTION, and their on-chain transfer activities and their impact on the AUCTON price have drawn widespread attention, leading to:
1. AUCTION trading volume has surged on major exchanges, with Binance's spot trading volume exceeding $200 million, making AUCTION futures the third-largest trading pair after BTC and ETH;