Bounce has experienced a meteoric rise in 2025, establishing itself as one of the top-performing cryptocurrencies in the market.
In the past six weeks, Bounce (AUCTION) reached a peak of $67.55—its highest point since October 2021. This represents a remarkable increase of over 712% from its lowest point this year, elevating its market capitalization to more than $380 million.
This surge has gained momentum as numerous retail investors have succumbed to the fear of missing out, or FOMO. Data indicates that the number of active addresses has skyrocketed, hitting a peak of 1,505. This reflects a significant increase, as the seven-day average was below 400 earlier this month.
More on-chain metrics suggest that this uptick may be influenced by whale activity. The number of transactions involving whales, those worth over $100,000, has surged to its highest level in several months. Likewise, transactions exceeding $1 million have also seen a notable rise.
The uptick in whale transactions could signal positive sentiment, particularly during accumulation periods. However, the data does not clarify whether these whales are accumulating assets or liquidating them.
A closer examination of the Mean Dollar Invested Age (MDIA) raises concern regarding the coin’s future. The 365-day MDIA has plummeted from 112 to just 38 recently.
Similarly, the 90-day MDIA has dropped from 33.4 to a mere 3. A decline in the MDIA is frequently seen as an indicator of an impending price reversal for that token.
The likelihood of whale manipulation has increased, given that the current price surge has occurred without any significant news from the platform.
The latest update happened on Friday when the developers introduced Bouncing Art Onchain, a service aimed at tokenizing real-world art.
Analysis of Bounce Token Pricing
The weekly chart indicates that the price of AUCTION rose from a low of $7.10 earlier this month to $67.54. It surpassed the critical resistance level of $48.95, which was its peak last December, and has also crossed above the 50-week moving average.
There are indications that it may have entered the markdown phase of the Wyckoff Theory. This phase typically precedes a distribution and subsequent markdown, which tends to lead to a price decline.
The AUCTION price has also reached an overbought condition, as evidenced by the soaring Relative Strength Index and Stochastic Oscillator. Consequently, there exists a risk of a steep price reversal in the near term as it transitions into the distribution phase.