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BounceX is launching tomorrow 🛠️
Prepare to trade perpetuals and optimize your gain using $
AUCTION
as collateral.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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AUCTION
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-2.29%
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Did you know you can farm @durianwin points for $DUR airdrop by staking $AUCTION on @BounceBitClub? Get ahead of the game: https://t.co/Yf9uU7VI2Q To start staking, make sure you sign up on https://t.co/PcdvFQlG8j first & complete the tasks listed on the Musan King page on BounceClub.
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✨Infinity Pump Auction Highlights 🔥A rare opportunity to own one of the Top 5 most expensive bronze Pumpkin sculptures created in 1998 by the legendary Yayoi Kusama, last sold for $137,311. ♟️Anyone can bid for this pumpkin using just a small amount
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Dear community, We want to address recent concerns about AUCTION’s price volatility. To be clear, the team is not involved in any price manipulation. Here’s our perspective on the situation and our plan moving forward 🧵⬇️ Over the past couple weeks, some unknown party accumulating over 20% of AUCTION’s total supply has drawn significant attention with its onchain transfer activities and how it impacted AUCTON’s price. This resulted in the following market impact: AUCTION trading volume surged across major exchanges—Binance spot volume exceeded $200M, with AUCTION futures becoming the third-largest pair after BTC and ETH. Upbit spot volume topped $500M, ranking above BTC for days. A significant price premium on Upbit led to large-scale AUCTION withdrawals from main exchanges for arbitrage opportunities. We also observed some unhealthy market conditions & liquidity imbalance: Binance, as the primary price discovery market, saw its hot wallet holdings drop below 10% of total supply. Borrowing rates exceeded 80% annually, and funding rates remained at -2% for multiple periods. Major exchanges adjusted their perpetual contract position limits and risk control measures. To help stabilize market liquidity, we’ve been proactively providing liquidity support across multiple exchanges. In addition, the team has voluntarily locked ~1.5M AUCTION from our treasury and team allocations: https://t.co/tgbIox0AxQ We remain committed to the long-term growth and sustainability of the ecosystem. Thank you for your support🙏
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ICYMI👇 ✨The RWA Auction of an authentic bronze pumpkin sculpture by Yayoi Kusama will launch in April. Everyone can engage with just a small budget of AUCTION, BB or Broccoli 3ef & potentially win either the pumpkin sculpture or AUCTION prize pool. ⚡️Stake $AUCTION to farm @durianwin points for $DUR airdrop: https://t.co/Yf9uU7Vadi 🖼️ We’re developing Bouncing Art Onchain, a new product line designed to tokenize real-world art. A lot to look forward to, the smart ones stay tuned🔔
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🔥Another utility of $AUCTION is live👇 Stake $AUCTION (on Ethereum or BNB Chain) on @BounceBitClub to farm @durianwin points for $DUR airdrop: https://t.co/Yf9uU7Vadi $DUR is the native token of https://t.co/PcdvFQl8iL, a perps trading platform in the @bounce_bit ecosystem. 📖Guide: 1. Visit https://t.co/Yf9uU7Vadi and connect your wallet. 2. Scroll down to the “stake to farm” section and select “stake AUCTION on bsc” or “stake AUCTION on eth”. 3. Specify the amount you want to stake. The more you stake, the more durian points & $DUR airdrop you’ll get. You can further boost your points by subscribing to BounceBit CeDeFi.
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