Aura (AURA), a culture token built on the Solana (SOL) blockchain, has skyrocketed by over 3,500% in the past 24 hours, marking an extraordinary price surge.
Yes, you read that right! A token that sounds like it was named after a yoga retreat has made more money in a day than I have in my entire life. Investors are cashing in like it’s Black Friday, but hold your horses! Analysts are waving red flags like they’re at a bullfight, warning that this might just be a rug-pull waiting to happen. 🐂🚩
Why is Aura Token’s Price Surging?
According to the latest data, AURA pumped from a low of $0.001 to $0.037 at press time. That’s a 3,538% appreciation in just one day! If only my stock portfolio could pull off such a stunt. Meanwhile, the market cap has jumped from around $1.1 million to a staggering $34.4 million. Talk about a glow-up! 💰✨
The trading volume also soared 106,684.40% to $38 million. I mean, who knew that buying digital coins could be more popular than avocado toast? AURA has claimed the top spot as the highest daily gainer on CoinGecko and is currently the most trending cryptocurrency on the platform. It’s like the prom queen of crypto! 👑
Lookonchain data highlighted that AURA’s rally allowed a whale to book a $104,000 profit. Yes, a whale! Not the kind you see at SeaWorld, but the kind that makes you question your life choices.
“5 months ago, trader FvaBFc spent $24,000 to buy 2.87 million Aura, only to see it crash over 90%. But today, Aura suddenly surged 35x. He sold all 2.87 million Aura for $128,000—more than recouping his losses and walking away with a $104,000 gain,” Lookonchain posted.
Another trader shared an unrealized profit of $698,154 on his AURA holdings in an X (formerly Twitter) post. But wait! The rally has raised red flags among market watchers. It’s like a game of “hot potato” but with money. 🥔💸
“Aura one year old coin pumped out of nowhere. Don’t fall for it. They rug the crypto sector. Buy high conviction with organic chart. This will not end well,” a user said.
Meanwhile, David, a user specializing in monitoring and reporting cryptocurrency scams, flagged AURA as a “Level 3 – Expert SCAM.” Because who doesn’t love a good scam story? According to David’s post, AURA lacks clear utility. It’s like a fancy coffee shop that only serves decaf. ☕️🚫
He noted that the token was created on May 30, 2024. Its market capitalization reached over $70 million as AURA hit an all-time high (ATH). But then it plummeted to around $600,000. It’s like watching a soap opera—full of drama and unexpected twists!
“It’s designed for a Rug Pull! They got lucky because I didn’t start this work at that time,” the post read.
Moreover, David raised concerns about the recent price pump. He stressed that it lacks any clear explanation, such as a partnership or utility behind the token. He said the on-chain buying activity surged abruptly around 6 PM UTC on June 10. Sounds suspicious, right? Like finding a hair in your soup. 🍲😱
However, it’s unclear whether this increase in activity was organic or artificially driven. Additionally, the thread pointed out that the token supply is tightly controlled. It’s like a secret club where only a few get to hold the keys.
David highlighted that many top AURA holders have large “bundles” of tokens. Notably, these “bundles” are not long-term holdings but are new. It’s like they just got a fresh batch of cookies and are trying to sell them at a premium!
Additionally, he pointed out that many top holders never actually bought the tokens. Instead, they received them through transfers or splits from other wallets. This further fuels suspicions of manipulation or coordinated efforts to artificially inflate the token’s price. So, while the latest rally has led to massive gains for some, its sustainability remains a topic of debate. It’s like a house of cards—beautiful until the wind blows! 🃏💨
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2025-06-11 10:24