Bounce Token surges, whale transactions point to AUCTION crash

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Bounce has gone parabolic in 2025, making it one of the best-performing cryptocurrencies in the market.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

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.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

More on-chain data points that this surge could be part of whale manipulation. The number of whale transactions worth over $100k has jumped to the highest level in months. Similarly, transactions worth over $1 million have soared, too. The rising number of whale transactions could be a good signal, especially when they are accumulating. The Santiment number of whale transactions does not provide more information on whether these whales are buying or selling.