According to Moody, there are bids totaling more than $50 million in the $0 - $2.50 range.
It isn't difficult to manipulate the total bid sum. All you need to do is place lots of bids far below where you expect sales.
max bid sum (range $0-$265) was $24M -> there is not $50M in range $0-$2 (edit: and never was)