Aura, a Solana-based memecoin, rose from $ 1 million to $ 50 million in market capitalization today, but a crypto-swam tracker has marked it as a potential carpet.
According to Coingecko -data, Aura (Aura) rose from $ 0.001 to a high point of $ 0.005 on 11 June, which marked a profit of 400% in a few hours. The trade volume rose from the previous day by more than 115,000%.
Interestingly, there was no official update or announcement of the project that could explain such a steep rally. From the moment of the press, the Aura had still risen by 4,130% in the last 24 hours and traded at around $ 0.042 with a market capitalization of $ 41.6 million.
Some traders believe that the pump is possible by a whale connected to SPX, a popular Solana culture coin. The SPX Whale reportedly collected $ 500,000 from Aura shortly before the Rally, who may have drawn the attention of other investors and helped the frenzy.
A few early investors have already cashed in. According to Lookonchain, a whale sold 2.87 million aura tokens for a win of $ 104,000, a return of 433% on an investment of $ 24,000 about five months ago.
But although the profits look impressive, red flags are starting to get to the surface. David, a well -known Crypto -wendel analyst on X, warned that the rally may be part of an organized rug. In a post of 11 June, he described Aura as a smartly articulated scam run by insiders.
David pointed out that Aura has been around since May 30, 2024, but has not shown any signs of development or added tool since the launch.
He also noted that this is not the first time that it has pumped token. Aura previously achieved an all -time high market capitalization of $ 70 million before collapsing to only $ 500,000 within two months, probably because of the founder who attracted liquidity.
Data on chains increases further suspicion. David emphasized that the token stock of Aura is tightly checked, with top portfolios retaining large bundles of tokens. Most of these tokens were not purchased on the open market, but were transferred or distributed from other portfolios, which indicates possible insider coordination.
He also marked that many of these top holders are new and not long -term supporters, making the entire price more like a setup than a real rally.
“It is not token of utilities, so we can’t say that insiders would know something – a kind of partnership or something similar,” he added.
Without a clear catalyst and increasing concern about manipulation, traders must be careful.
Aura still traded 42.5% below the all-time high at the time of the press, but the highly concentrated holder base makes the token vulnerable for sharp decline as large portfolios to load.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
