Odaily Planet Daily News Bounce Brand posted on the X platform that it hopes to explain the recent community concerns about AUCTION price fluctuations. It should be made clear that the team has not participated in any AUCTION token price manipulation. In the past few weeks, some unknown parties have accumulated more than 20% of the total supply of AUCTION. Its on-chain transfer activities and its impact on the price of AUCTON have attracted widespread attention, causing AUCTION trading volume to soar on major exchanges (Binance spot trading volume exceeded $200 million, and AUCTION futures became the third largest trading pair after BTC and ETH. Upbit spot trading volume exceeded $500 million, exceeding BTC for several consecutive days). Binance, as a major price discovery market, has seen its hot wallet holdings fall below 10% of the total supply, borrowing rates have exceeded 80% for many years, and financing rates have been maintained at -2% for many periods. Major exchanges have adjusted perpetual contract position limits and risk control measures. In order to help stabilize market liquidity, it has been actively providing liquidity support to multiple exchanges. In addition, the team has voluntarily locked approximately 1.5 million AUCTION from funds and team allocations.