AURA (AURA), a cultural token based on SOLANA (SOL) blockchain, has soared more than 3,500% over the last 24 hours, so special prices have soared.
This dramatic spike has allowed many investors to secure significant profits. But market analysts warn that meetings can be part of a greater rug solving plan.
Why is AURA TOKEN soaring?
According to the latest data, AURA has been pumped from $ 0.001 to $ 0.037 for Press Time. This was a 3,538%audit last day. The market cap also rose from $ 1.1 million to $ 34.4 million.
The volume of trading is also 106,684.40%, up $ 38 million, showing significant interest and activity of investors. AURA is the highest daily gain in Coingecko and is the most popular cryptocurrency on the platform.
The Lookonchain data emphasized that AURA’s rally allowed whales to book a $ 104,000 profit.
“Five months ago, Trader FVABFC spent $ 24,000 to buy 287 million atmosphere, but I saw more than 90%of conflicts, but today’s aura suddenly increased 35 times.
Other traders also shared unrealistic $ 698,154 in Aura Holdings in X (previous Twitter) posts. But this rally increased the timely time among market watchers.
“Aura’s one -year -old coin has been pumped anywhere. Do not fall down. Lay the encryption sector. Buy a high guilty ruling with an organic chart. This will not end.”
Meanwhile, David, a user who specializes in monitoring and reporting cryptocurrency fraud, marked AURA as “Level 3 -Expert Scam”. According to David’s position, AURA lacks clear utility.
He pointed out that tokens were made on May 30, 2024. Aura reached a record high, reaching more than $ 70 million. Nevertheless, it quickly fell to about $ 600,000.
“It was designed for the grass! I was lucky because I didn’t start this work at that time.”
David also raised concerns about the price pump recently. He stressed that there is a lack of clear explanations such as partnerships and utility behind the tokens. He said the hotint purchasing activity surged rapidly in UTC around June 10.
However, it is not clear whether the increase in activity is organic or artificially led. In addition, this actually pointed out that the token supply was strictly controlled.
David emphasized that many of the highest aura holders have a large “bundle” token. In particular, this “bundle” is new, not long -term holding.
He also pointed out that many of the top holders did not actually buy tokens. Instead, they received them through transmission or division in other wallets.
This raises the adjusted efforts to artificially expand the doubts about more manipulation or tokens. Therefore, the latest rally has benefited from some people, but sustainability still remains the subject of debate.
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