拍賣是彈跳金融的本地代幣，經歷了驚人的上升

最近，$ AUCTION的價格是Bounce Finance的本地代幣，經歷了驚人的上漲，反對這一趨勢

Recently, the price of $AUCTION, the native token of Bounce Finance, has experienced an astonishing rise, increasing against the trend from the low point less than a month ago, breaking through $35, an increase of more than 400%. This abnormal movement has not only broken the sluggish atmosphere of the market but also triggered widespread discussion.

最近，$ Auction的價格是Bounce Finance的本地代幣，它的價格令人驚訝，從不到一個月前的低點趨勢上漲，跌至35美元，增長了400％以上。這種異常運動不僅打破了市場的緩慢氛圍，而且引發了廣泛的討論。

What exactly drove the surge in AUCTION? Before analyzing the specific reasons, let's first systematically examine AUCTION and the projects behind it.

是什麼驅動了拍賣的激增？在分析特定原因之前，讓我們首先系統地檢查拍賣及其背後的項目。

What is AUCTION?

什麼是拍賣？

$AUCTION is the native token of the decentralized auction platform Bounce Finance, which runs on BNB Chain (formerly Binance Smart Chain). Founded in 2020, Bounce Finance initially focused on providing decentralized auction tools, enabling users to create various auction pools, such as token sales, NFT auctions, etc. Its uniqueness lies in breaking the limitations of traditional centralized platforms and providing project owners and investors with flexible and efficient financing and trading methods.

$拍賣是分散拍賣平台Bounce Finance的本地令牌，該平台在BNB鏈（以前是Binance Smart Chain）上運行。 Bounce Finance成立於2020年，最初致力於提供分散的拍賣工具，使用戶能夠創建各種拍賣池，例如代幣銷售，NFT拍賣等。其獨特性在於打破傳統的集中式平台的局限性，並為項目所有者和投資者提供靈活，有效的資金和交易方式。

As the core token of the platform, $AUCTION has multiple functions: users need to hold AUCTION to participate in the platform's auctions, pay fees or get extra rewards. At the same time, AUCTION is also used for governance, and holders can make suggestions and vote on the direction of platform development.

作為平台的核心令牌，$拍賣具有多個功能：用戶需要拍賣才能參與平台的拍賣，付費費用或獲得額外的獎勵。同時，拍賣也用於治理，持有人可以提出建議並在平台開發方向上投票。

With the expansion of platform functions, the application scenarios of AUCTION have gradually extended from pure auction tools to DeFi, NFT and even physical asset auctions. In recent years, Bounce Finance has continuously iterated and launched diversified mechanisms such as fixed price auctions and Dutch auctions, and attracted a large number of project parties and users through deep binding with the BNB Chain ecosystem.

隨著平台功能的擴展，拍賣的應用方案逐漸從純拍賣工具擴展到Defi，NFT甚至物理資產拍賣。近年來，Bounce Finance不斷迭代並推出了多元化的機制，例如固定價格拍賣和荷蘭拍賣，並通過與BNB鏈生態系統的深刻綁定來吸引了許多項目派對和用戶。

Auction Intelligence (AI Agent Launchpad), launched in early 2025, further introduced AI technology into the platform, marking its move towards intelligence and diversification. The total supply of AUCTION is 10 million, and the current circulation is about 7.8 million. The market value has ranked among the top small and medium-sized DeFi tokens before the surge.

拍賣情報（AI Agent Launchpad）於2025年初推出，進一步將AI技術引入了平台，標誌著它朝著情報和多元化邁進。拍賣的總供應為1000萬，目前的發行量約為780萬。在激增之前，市場價值已排名最高的中小型Defi代幣。

On-chain whales are hoarding stocks on a large scale, increasing the concentration of chips

鏈鯨大規模ard積股票，增加了芯片的濃度

On-chain data shows that AUCTION's circulating chips are rapidly concentrating in the hands of a few large holders. According to monitoring, one or a group of whales/institutions have withdrawn a total of 2 million AUCTION from Binance through multiple addresses in the past three weeks, accounting for 26% of the total supply, with a total value of approximately US$62.44 million.

鏈上的數據表明，拍賣的循環芯片迅速集中在一些大型持有人的手中。根據監測，在過去三周中，一名或一組鯨魚/機構從二元撤回了200萬次拍賣，佔多個地址，佔總供應量的26％，總價值約為6244萬美元。

As of March 16, Binance's AUCTION balance was only 706,000 (about 9%), and the potential selling pressure on the exchange's spot market has been significantly reduced.

截至3月16日，Binance的拍賣餘額僅為706,000（約9％），而交易所現貨市場的潛在銷售壓力已大大降低。

The specific timeline is as follows:

特定時間表如下：

The current distribution of chips on the chain shows:

鏈上芯片的當前分佈顯示：

This highly concentrated chip structure shows that the whale/institution has achieved a certain degree of "control". The tightening of spot market liquidity has laid a solid foundation for price increases.

這種高度濃縮的芯片結構表明，鯨魚/機構已經達到了一定程度的“控制”。現貨市場流動性的收緊為價格上漲奠定了堅實的基礎。

Contract trading volume surges, leverage fuel boosts the market

合同交易量激增，利用燃料促進市場

The surge in AUCTION is inseparable from the hot contract market. Data shows that the recent contract trading volume of AUCTION is as high as 10 times the spot trading volume, and the price has completely broken through the bottom chip concentration area.

拍賣的激增與熱合同市場密不可分。數據表明，最近拍賣的合同交易量是現貨交易量的10倍，並且價格在底部芯片濃度區域中完全損壞。

This high proportion of contract positions has brought significant effects, and also explains why some investors favor this type of currency.

合同職位的高比例產生了重大影響，也解釋了為什麼有些投資者贊成這種類型的貨幣。

The logic can be summarized as follows:

邏輯可以總結如下：

First, high contract positions mean that the long-short game is fierce, and the market has sufficient counterparties, which provides momentum for price fluctuations. The contract positions of AUCTION even exceed the market value, suggesting that the dealer behind it is strong, has sufficient chips and has a strong desire to pull the market.

首先，高合同的立場意味著長短遊戲是兇猛的，並且市場具有足夠的交易對手，這為價格波動提供了動力。拍賣的合同立場甚至超過了市場價值，這表明其背後的經銷商很強大，具有足夠的籌碼，並且有強烈的推動市場渴望。

Secondly, the panic operations of high-leverage players have become the "fuel" for pulling the market. Once the price starts, the chain reaction of liquidation or reverse buying will quickly amplify the increase.

其次，高槓桿玩家的恐慌作用已成為推動市場的“燃料”。價格開始後，清算或反向購買的鏈反應將迅速擴大增加。

For example, if an investor opens a short position in AUCTION at $25 and the price rises to $28, facing the pressure of losses, he may choose to close the position or even go long. This psychological game is infinitely magnified in an environment with high contract positions, and the panic operations of a large number of retail investors further push up the price.

例如，如果投資者在拍賣中的縮短頭寸為25美元，而價格上漲至28美元，面臨損失的壓力，他可能會選擇關閉該職位，甚至長時間。這種心理遊戲在具有高合同位置的環境中被無限放大，大量零售投資者的恐慌作用進一步推動了價格。

At present, AUCTION has hit a 300-day high, but the inflow of funds has slowed down, indicating that the momentum of pulling the market may be close to the stage top. This also confirms the characteristics of currencies with high contract positions: strong control ability of the market maker, significant leverage effect, and strong short-term explosive power.

目前，拍賣率達到了300天的高度，但資金的流入卻放慢了速度，這表明推動市場的動力可能接近舞台頂部。這也證實了具有較高合同位置的貨幣的特徵：做市商的強大控制能力，槓桿作用效果明顯和強大的短期爆炸能力。

New project expectations and the catalysis of BNB ecosystem heat

新項目期望和BNB生態系統熱的催化

The price fluctuations of AUCTION have always been closely related to the popularity of IEO (Initial Exchange Offering) projects on the Bounce Finance platform. This surge coincided with the launch of the platform's new AI Agent Launchpad

拍賣的價格波動一直與Bounce Finance平台上IEO（初始交換產品）項目的受歡迎程度密切相關。這次激增與該平台新的AI Agent Launchpad的推出相吻合