The Aura token, based in Solana, rises by 3500% in 24 hours
Aura (Aura), a mostly ignored token, has stunned
Solana, the cryptocurrency market with a massive jaw-drop, exceeds over 3500% in just 24 hours. The price of the token jumped from just $0.001 to $0.037, sending the market cap to $34.4 million. Trading volume also exploded beyond $38 million, stirring great excitement among retail traders. Despite launching in May 2024 with a previous peak of $78 million, Aura had nearly disappeared from the scene, dropping to just $600,000 before this unexpected comeback, possibly fueled by a wave of coordinated purchases. Although the surge has given millions of investors a reason to try new coins, it is also considered a risky trap by many in the community. Let's see what drives this crazy surge! Whale cash in the frenzy-building blockchain data from Lookonchain revealed that some investors made massive profits. One wallet, for example, turned a previous investment of $24,000 into $128,000, pocketing a cool profit of $104,000 after holding through a previous crash. Another trader claimed an unrealized profit nearing $700,000. These massive booming gains have inflated, but analysts are not celebrating just yet. While the underlying action seems bullish, experts and cryptocurrency specialists urge extreme caution. According to David, a prominent on-chain fraud tracker, Aura shows multiple signs of a potential rug pull. The token has been marked as "level 3, expert scam," indicating its unclear utility, suspicious distribution, and pump timing. Read also: Connecticut bill passes to ban Bitcoin and Crypto investments. David noted that Aura was only created in May 2024, reaching a brief market cap of $70 million before collapsing again. He highlighted that major holders never bought their tokens, but received them through wallet transfers, hinting at possible manipulation or coordinated efforts to pump and dump. 🧵 (4) - Bundles - Bundle. Look at the top RN holders 👀 Many bundles like in the first chart, some bought newly today. 😍📈 Big old bundles are still alive after one year. pic.twitter.com/ypt3rigvbs - David Crypto Scam Hunter (cryptoscamhunto) June 10, 2025. The lack of fundamentals raises serious doubts. No major partnerships or roadmap updates or protocol launches have been announced to justify the sudden rally. The increase in activity, particularly around 6 PM UTC on June 10, appears disconnected from any legitimate news, raising further doubts. While some traders celebrate overnight fortunes, analysts urge the community not to get swept up in the hype. With no clear fundamentals and a murky token history, the explosive rise of Aura may end in disaster, serving as a sobering reminder of the risks in low-profile tokens. Don't miss a beat in the crypto world! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, Altcoins, DeFi, NFTs, and more.
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