Bounce Brand: The team did not participate in any price manipulation of AUCTION tokens.

Odaily Planet Daily reported that Bounce Brand stated on the X platform that it hopes to clarify the recent community concerns regarding the price fluctuations of AUCTION. It is important to note that the team has not participated in any manipulation of $AUCTION token prices. Over the past few weeks, some unknown parties have accumulated more than 20% of the total supply of $AUCTION, and their on-chain transfer activities and their impact on $AUCTION prices have garnered widespread attention, leading to a surge in $AUCTION trading volume across major exchanges (Binance's spot trading volume surpassed 200 million USD, and $AUCTION futures have become the third largest trading pair after $BTC and ETH. Upbit's spot trading volume exceeded 500 million USD, surpassing $BTC for several consecutive days). As the primary price discovery market, Binance's hot wallet holdings have dropped to below 10% of the total supply, with borrowing rates consistently exceeding 80% and financing rates maintaining at -2% for multiple periods. Major exchanges have adjusted their position limits and risk control measures for perpetual contracts. To help stabilize market liquidity, the team has been actively providing liquidity support to multiple exchanges. Additionally, the team has voluntarily locked approximately 1.50 million $AUCTION from funds and team allocations.