Will whales cause AUCTION to crash?
Bounce has gone parabolic in 2025, making it one of the best-performing cryptocurrencies in the market.
Over the last six consecutive weeks, Bounce (AUCTION) moved to a high of $67.55 — its highest level since October 2021. It has jumped by over 712% from its lowest level this year, bringing its market cap to over $380 million.
The surge has accelerated as many retail investors embraced the fear of missing out or FOMO. Santiment data shows that the number of active addresses has gone parabolic, reaching a high of 1,505. This is a significant increase since the seven-day addresses stood at less than 400 earlier this month.
More on-chain data points that this surge could be part of whale manipulation. The…
