Bounce Brand： The team did not participate in any AUCTION token price manipulation

Odaily Planet Daily News: Bounce Brand posted on X platform, hoping to explain the community's concerns about the price fluctuations of AUACTION recently. It needs to be clarified that the team has not participated in any AUACTION token price manipulation. In the past few weeks, some unknown parties have accumulated more than 20% of AUACTION's total supply. Their on chain transfer activities and their impact on AUACTION prices have attracted widespread attention, leading to a surge in AUACTION trading volume on major exchanges. As the main price discovery market, Binance's hot wallet holdings have fallen below 10% of the total supply, borrowing interest rates have been over 80% for many years, and financing interest rates have been maintained at -2% for multiple periods. Major exchanges have adjusted their perpetual contract holding restrictions and risk control measures. In order to help stabilize market liquidity, the team has been actively providing liquidity support to multiple exchanges. In addition, the team has voluntarily locked in approximately 1.5 million AUctions from funds and team allocations.