Aura (Aura), a cultural record built in the Solana (Sol) block chain, has shot at more than 3,500% in the last 24 hours, marking an extraordinary price increase.
This dramatic peak has allowed numerous investors to ensure significant profits. However, market analysts warn that the rally can be part of a larger carpet carpet scheme.
Why does Aura Token prices increase?
According to the latest data, Aura pumped a minimum of $ 0.001 to $ 0.037 at the time of publication. This marked an appreciation of 3,538% on the last day. In addition, market capitalization has increased from around $ 1.1 million to $ 34.4 million.
The negotiation volume also rose 106,684.40% to $ 38 million, indicating significant interest and activity of investors. Aura has claimed first place as the highest daily winner in Coingcko and is currently the cryptocurrency more trend in the platform.
Lookonchain data stressed that the Aura rally allowed a whale to reserve a gain of $ 104,000.
“5 months ago, the merchant FVABFC spent $ 24,000 to buy 2.87 million aura, just to see that he crashes for more than 90%. But today, aura suddenly increased 35x. He sold the 2.87 million aura for $ 128,000, more than recovering his losses and moving away with a gain of $ 104,000,” Lookonchain published.
Another merchant also shared an unrealized gain of $ 698,154 in its aura holdings in an X publication (previously Twitter). However, the rally has raised red flags among market observers.
“Aura of a one -year -old coin from nowhere. Do not fall in love with it. They carry the cryptographic sector. Buy a high conviction with an organic chart. This will not end well,” said a user.
Meanwhile, David, a user specialized in monitoring and informing cryptocurrency scams, aura marked as an “level 3 expert scam.” According to David’s post, Aura lacks clear utility.
He pointed out that the Token was created on May 30, 2024. Its market capitalization reached more than $ 70 million when Aura reached a historical maximum (ATH). However, it quickly fell to around $ 600,000.
“It is designed for a carpet pull! They were lucky because I did not start this work at that time,” said the publication.
In addition, David raised concerns about the recent price bomb. He stressed that he lacks a clear explanation, such as an association or utility behind the Token. He said that the shopping activity in the chain increased abruptly around 6 PM of UTC on June 10.
However, it is not clear if this increase in the activity was organic or artificially driven. In addition, the thread pointed out that the tokens supply is closely controlled.
David stressed that many aura holders have large “packages” of chips. In particular, these “packages” are not long -term holdings, but are new.
In addition, he pointed out that many main headlines never bought the tokens. Instead, they received them through transfers or divisions of other wallets.
This feeds more manipulation suspicions or coordinated efforts to artificially inflate the token price. Therefore, although the last rally has led to mass profits for some, its sustainability remains a topic of debate.
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