Original | Odaily Planet Daily ( @OdailyChina )
Author | Asher ( @Asher_0210 )
Recently, BTC has been volatile, market sentiment has been divided, many altcoins have lacked popularity, and community activity and secondary market performance have been relatively sluggish. However, Bounce Brands ecological token AUCTION has bucked the trend during this period, showing an outstanding performance in terms of growth. Since hitting a low of $7 in early February, the price of AUCTION has been rising all the way, and last night it once broke through $40, not only setting a new high in the past year, but also achieving a maximum increase of over 470% in just one and a half months, far exceeding the market average.
AUCTION Weekly candlestick chart
So, why can the price of AUCTION perform so well? Odaily Planet Daily will analyze it from the fundamentals and data.
About Bounce Brand
Bounce Brand is a decentralized platform focusing on Web3 services, providing BTC application chains, on-chain auctions and decentralized financial tools, mainly for the Bitcoin ecosystem. Its core direction is to use DeFi solutions to expand the application scenarios of Bitcoin and promote the development of blockchain technology.
Additionally, recognizing that AI is a rapidly growing area in Web3, Bounce Brand is committed to connecting AI with Web3 through an innovative approach called Decentralized Nodes for AI Agents (DNA) in 2024. This integration provides further revenue functionality for its native token AUCTION and enhances the Bounce ecosystem through security.
Launching AI Agent Launchpad is key
On March 3, Bounce Brand announced on the X platform that Auction Intelligence was launched on the AI Agent Launchpad on BNB Chain, open to AUCTION and Broccoli holders. At the same time, Bounce Brand launched the AUCTION airdrop event, which was distributed to the creator of the highest market value graduation token in the Broccoli trading pair and 300 lottery participants (including non-winners) on the first day. On the second day, it was distributed to AUCTION users with the same conditions, and then alternated every day.
Auction Intelligence launches AI Agent Launchpad on BNB Chain
Functional experience
Regarding the AI Agent Launchpad (website: https://ai.bounce.finance/ ) launched on BNB Chain, on the one hand, you can create your own AI Agent token by clicking “Create AI Agent” at the bottom of the webpage ( for specific creation details, please refer to the official documentation ).
In the Agent Chat interface, token creators need to fill in the information of the AI Agent token they created, including the token name, description, icon, etc., and select AUCTION or Broccoli 3Ef ( 0x343E66bAD706EED4350fE96385ffc6336bd653Ef ) as the fundraising token. The total supply of AI Agent tokens created is fixed at 1 billion, of which 400 million are used to provide liquidity, and the remaining 600 million can be freely allocated by the creator.
After filling in the information, the AI agent will automatically create tokens and start the raffle. A total of 300 tickets will be issued for this raffle, and 100 winners will be randomly selected through the smart contract. The default fundraising target is 2000 AUCTION or the equivalent of Broccoli 3Ef , and the price of each ticket is 20 AUCTION or the equivalent of Broccoli 3Ef .
If the number of participants exceeds 100, the token fundraising goal is achieved and the proxy token will be considered graduated, that is, officially launched. 2% of the raised funds will be distributed, of which 1% will go to the token creator and 1% will go to the launchpad. The platform will then use the raised funds to provide liquidity for the token, making it tradable on the PancakeSwap and AI Launchpad trading platforms.
It is not difficult to find that the Bounce Brand platform believes that the current popularity on the chain is in the AI Agent project of the BNB Chain ecosystem. Therefore, it attracts user participation by launching the AI Agnet Launchpad on the BNB Chain, providing new application scenarios for the AUCTION token. If the graduation token on the Bounce Brand platform becomes a hot item, it may further increase the price of AUCTION.
Still need a hot item to ignite the market
According to platform data, only 7 BNB Chain ecological AI Agent projects issued on Bounce Brand have successfully completed fundraising and graduated, however, the overall market recognition of these projects is still low. For example, the current project with the highest market value on the list, BOT, has a total market value of only 200,000 US dollars, which has not yet reached the threshold to attract larger-scale funds and user attention.
In addition, on social media, there are very limited KOLs discussing projects issued by Bounce Brand. Even in the community, no one is seen discussing projects issued by Bounce Brand, resulting in weak market popularity and awareness, which affects the spread and growth of AI Agent token projects on the platform.
BNB Chain Ecosystem AI Agent Project Data Indicators Issued on Bounce Brand
Although there has not been a real hot item released on the Bounce Brand platform, the price of its platform token AUCTION continues to rise. Is this rise because the market has not yet fully tapped the potential value of the platform, or is it because the banker is manipulating the price?
AUCTION tokens have been “controlled” to a certain extent
On March 16, according to the monitoring of on-chain analyst Yu Jin, after AUCTION whales/institutions withdrew 26% of AUCTION from Binance, the current distribution of chips on the chain has achieved a certain degree of control :
Exchange wallets (Upbit/Binance/OKX): 2.11 million ( 27% of the total token supply). Other CEXs did not see much change, mainly because this “dealer” withdrew 2 million coins from Binance.
The dealer who recently withdrew AUCTION from Binance: 2 million coins (accounting for 26% of the total token supply), these 2 million coins were withdrawn from Binance in the past 3 weeks;
Project address: 1.91 million tokens (accounting for 25% of the total token supply). The last transfer out of the project’s two multi-signature wallets was 5 months ago. It is estimated that there will be no operations in the short term.
ACUTION Coin Holding Address
Is the “bank maker” going to start crashing the market?
As the price of AUCTION continues to rise, the “banker” mentioned above began to transfer AUCTION to Binance on March 17. As of today (March 19), 500,000 AUCTIONs have been transferred to Binance, with a value of over 19 million US dollars. Currently, 1.5 million AUCTIONs are still held at the following addresses:
Address 1: 0xAd2E7CeB5cE3C4FD0AbD3c0d6a39646C52644403 : 500,000 , worth over $19 million;
Address 2: 0x02a16EB459fb61d1d127ADBCbfB5575F346d052f : 500,000 pieces, worth over 19 million US dollars;
Address three: 0xEc17Da400f7e23Cc6081A53d488189Ad6C4fa09c : 500,000 coins, worth over 19 million US dollars.
The price of AUCTION token experienced a slight correction (from 34 USD to 31 USD) after the “dealer” transferred to Binance on March 17, and then continued to rise. The current price is 38 USD. The subsequent price changes are worthy of attention. The movements of these three addresses will be reported by Odaily Planet Daily in the future.
