Original | Odaily Planet Daily (@OdailyChina)
Recently, BTC has shown volatile trends, and market sentiment is polarized, with many altcoins lacking enthusiasm, leading to low community activity and poor performance in the secondary market. However, during this period, the Bounce Brand ecological token AUCTION has shown strong growth, demonstrating exceptional price performance. Since hitting a low of $7 in early February, the price of AUCTION has climbed steadily, even breaking through $40 last night, not only refreshing the price high of the past year but also achieving a maximum increase of over 470% in just one and a half months, far exceeding the market average.
So, why has the price of AUCTION performed so brilliantly? Odaily Planet Daily will analyze this from both fundamental and data perspectives.
Introduction to Bounce Brand
Bounce Brand is a decentralized platform focused on Web3 services, providing BTC application chains, on-chain auctions, and decentralized financial tools, primarily targeting the Bitcoin ecosystem. Its core direction is to expand the application scenarios of Bitcoin using DeFi solutions and promote the development of blockchain technology.
In addition, Bounce Brand recognizes that AI will rapidly develop in the Web3 field, so in 2024, it aims to connect AI with Web3 through an innovative approach called Decentralized Nodes for AI Agents (DNA). This integration provides further revenue functionality for its native token AUCTION and enhances the security of the Bounce ecosystem.
The Launch of AI Agent Launchpad is Key
On March 3, Bounce Brand announced on the X platform that Auction Intelligence (Smart Auction) has launched the AI Agent Launchpad on the BNB Chain, open to AUCTION and Broccoli holders. At the same time, Bounce Brand launched an AUCTION airdrop event, distributing tokens on the first day to the creators of the highest market cap tokens in the Broccoli trading pair and 300 lottery participants (including non-winners). On the second day, it distributed to users with the same conditions as AUCTION, alternating daily thereafter.
Auction Intelligence launches AI Agent Launchpad on BNB Chain
Functional Experience
For the AI Agent Launchpad launched on the BNB Chain (website: https://ai.bounce.finance/), users can create their own AI Agent tokens by clicking the "Create AI Agent" button at the bottom of the webpage (specific creation details can be found in the official documentation).
In the Agent Chat interface, token creators need to fill in the information of the created AI Agent token, including token name, description, icon, etc., and choose AUCTION or Broccoli 3Ef (0x343E66bAD706EED4350fE96385ffc6336bd653Ef) as the fundraising token. The total supply of the created AI Agent token is fixed at 1 billion, with 400 million allocated for liquidity and the remaining 600 million freely distributed by the creator.
After filling in the information, the AI agent will automatically create the token and start a lottery event. A total of 300 lottery tickets will be issued, and 100 winners will be randomly selected through a smart contract. The default fundraising target is 2000 AUCTION or the equivalent of Broccoli 3Ef, with each lottery ticket priced at 20 AUCTION or the equivalent of Broccoli 3Ef.
If the number of participants exceeds 100, the fundraising target will be met, and the agent token will be considered "graduated," meaning it will officially launch. 2% of the raised funds will be allocated, with 1% going to the token creator and 1% to the launchpad. Subsequently, the platform will use the raised funds to provide liquidity for the token, allowing it to be traded on PancakeSwap and the AI Launchpad trading platform.
It is not difficult to see that the Bounce Brand platform believes that the current on-chain enthusiasm lies in the AI Agent projects within the BNB Chain ecosystem. Therefore, by launching the AI Agent Launchpad on the BNB Chain, it attracts user participation and provides new application scenarios for the AUCTION token. If a "hit token" appears on the Bounce Brand platform, it may further drive up the price of AUCTION.
Still Need a "Hit Token" to Ignite the Market
According to platform data, currently, only 7 AI Agent projects in the BNB Chain ecosystem have successfully completed fundraising and "graduated" on the Bounce Brand platform, however, the overall market recognition of these projects remains low. For example, the current highest market cap project BOT has a total market cap of only $200,000, which has not yet reached the threshold to attract larger-scale funds and user attention.
Moreover, on social media, there are very few KOLs discussing the projects issued by Bounce Brand, and there is hardly any discussion about Bounce Brand's issued projects within the community, leading to weak market enthusiasm and awareness, which affects the dissemination and growth of AI Agent token projects on the platform.
Data indicators of AI Agent projects issued on Bounce Brand in the BNB Chain ecosystem
Although no real "hit token" has emerged from the projects issued on the Bounce Brand platform, the price of its platform token AUCTION continues to rise. Is this surge due to the market not fully uncovering the platform's potential value, or is it a result of "whales" manipulating the price?
AUCTION Token Has Been Controlled to Some Extent
On March 16, according to on-chain analyst Yu Jin's monitoring, AUCTION whales/institutions withdrew 26% of AUCTION from Binance, and the current on-chain chip distribution has achieved a certain degree of "control":
Exchange wallets (Upbit/Binance/OKX): 2.11 million tokens (accounting for 27% of the total token supply), with little change in other CEXs; mainly, this "whale" withdrew 2 million tokens from Binance;
Recently, this "whale" withdrew 2 million AUCTION from Binance (accounting for 26% of the total token supply), and these 2 million tokens were withdrawn from Binance in the last 3 weeks;
Project party address: 1.91 million tokens (accounting for 25% of the total token supply), with the last transfer from the project party's two multi-signature wallets occurring over 5 months ago, and it is estimated that there will be no operations in the short term.
AUCTION Holding Address Situation
"Whales" Are Starting to Dump?
With the continuous rise in the price of AUCTION, the aforementioned "whales" began transferring AUCTION to Binance on March 17. As of today (March 19), they have transferred 500,000 AUCTION to Binance, worth over $19 million, and currently hold 1.5 million AUCTION. The addresses are as follows:
Address One: 0xAd2E7CeB5cE3C4FD0AbD3c0d6a39646C52644403: 500,000 tokens, worth over $19 million;
Address Two: 0x02a16EB459fb61d1d127ADBCbfB5575F346d052f: 500,000 tokens, worth over $19 million;
Address Three: 0xEc17Da400f7e23Cc6081A53d488189Ad6C4fa09c: 500,000 tokens, worth over $19 million.
The price of AUCTION token experienced a slight pullback (from $34 to $31) after this "whale" transferred to Binance on March 17, but has continued to rise, currently priced at $38. Future price movements are worth monitoring regarding the activities of these three addresses, and Odaily Planet Daily will continue to report on this.
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