Original | Odaily Planet Daily (@OdailyChina)
Author | Asher (@Asher_0210)
Recently, the BTC trend has been volatile, with market sentiment divided, and many Altcoins lacking heat, with low community activity and secondary market performance. However, the Bounce Brand ecosystem token AUCTION has been bucking the trend and exhibiting excellent price performance. Since hitting a low of $7 in early February, the AUCTION price has been climbing, and last night it even briefly broke through $40, not only refreshing the price high of the past year, but also achieving a maximum increase of over 470% in just a month and a half, far exceeding the market average.
So why has the AUCTION price been able to perform so brilliantly? Odaily Planet Daily will analyze it from the 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 finance tools, mainly targeting 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.
In addition, Bounce Brand recognizes that AI will rapidly develop in the Web3 field, and therefore in 2024 it is committed to connecting AI with Web3 through an innovative approach of decentralized AI agent nodes (DNA). This integration provides further revenue functions for its native token AUCTION and enhances the security of the Bounce ecosystem.
The launch of the AI Agent Launchpad is key
On March 3, Bounce Brand announced on the X platform that Auction Intelligence 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 campaign, with the first day distributing to the creators of the highest market cap graduated tokens in the Broccoli trading pair and 300 lottery participants (including non-winners). The second day was distributed to AUCTION users under the same conditions, and then alternated daily thereafter.
Auction Intelligence Launches AI Agent Launchpad on BNB Chain
Functional Experience
For the launch of the AI Agent Launchpad on the BNB Chain (website: https://ai.bounce.finance/), on the one hand, users can create their own AI Agent tokens 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, the token creator needs to fill in the information of the created AI Agent token, including the token name, description, icon, etc., and select AUCTION or Broccoli 3Ef (0x343E66bAD706EED4350fE96385ffc6336bd653Ef) as the fundraising token. The total supply of the created AI Agent token is fixed at 1 billion, of which 400 million are used to provide liquidity, and the remaining 600 million can be freely distributed by the creator.
After filling in the information, the AI agent will automatically create the token and launch the lottery event. This lottery will distribute 300 tickets, and 100 winners will be randomly selected through a 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 target will be reached, and the agent token will be considered "graduated", officially launching. 2% of the fundraising funds will be allocated, with 1% going to the token creator and 1% to the launchpad. The platform will then use the fundraising 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 find that the Bounce Brand platform believes that the current on-chain heat is in the AI Agent projects in the BNB Chain ecosystem, so it has launched the AI Agent Launchpad on the BNB Chain to attract user participation, providing a new application scenario for the AUCTION token. If a "blockbuster" appears among the "graduated tokens" on the Bounce Brand platform, it may further drive up the AUCTION price.
Still need a "blockbuster" to ignite the market
According to the platform data, there are currently only 7 BNB Chain ecosystem AI Agent projects that have successfully completed fundraising and "graduated" on the Bounce Brand platform, however, the overall market recognition of these projects is still relatively low. For example, the project with the highest market cap on the current leaderboard, BOT, has a total market cap of only $200,000, which has not yet reached the threshold to attract more capital and user attention.
In addition, on social media, the KOLs discussing the projects issued by Bounce Brand are extremely limited, and there is even no one discussing the projects issued by Bounce Brand in the community, resulting in weak market heat and awareness, which has affected the dissemination and growth of the AI Agent token projects on this platform.
Data indicators of BNB Chain ecosystem AI Agent projects issued on the Bounce Brand platform
Although no truly "blockbuster" project has emerged on the Bounce Brand platform, the price of the platform token AUCTION has continued to rise. Is this rise due to the market not fully tapping the potential value of the platform, or is it "manipulation" by the "big players"?
AUCTION token has been "cornered" to a certain extent
On March 16, according to on-chain analyst Yu Jing's monitoring, the whales/institutions withdrew 26% of AUCTION from Binance, and the current on-chain chip distribution has achieved a certain degree of "cornering":
Exchange wallets (Upbit/Binance/OKX): 2.11 million (accounting for 27% of the total token supply), the changes in other CEXs are not significant, mainly this "big player" withdrew 2 million tokens from Binance;
The "big player" who recently withdrew AUCTION from Binance: 2 million (accounting for 26% of the total token supply), these 2 million tokens were withdrawn from Binance within the past 3 weeks;
Project party addresses: 1.91 million (accounting for 25% of the total token supply), the project party's two multi-signature wallets last transferred out 5 months ago, and it is estimated that they will not have any operations in the short term.
ACUTION Holding Address Situation
Is the "big player" going to start dumping?
With the continuous rise in the price of AUCTION, the aforementioned "big player" started transferring AUCTION to Binance on March 17, and as of today (March 19), has transferred 500,000 AUCTION to Binance, worth over $19 million, and still holds 1.5 million AUCTION, with the addresses as follows:
Address 1: 0xAd2E7CeB5cE3C4FD0AbD3c0d6a39646C52644403: 500,000, worth over $19 million;
Address 2: 0x02a16EB459fb61d1d127ADBCbfB5575F346d052f: 500,000, worth over $19 million;
Address 3: 0xEc17Da400f7e23Cc6081A53d488189Ad6C4fa09c: 500,000, worth over $19 million.
