Today, the cryptocurrency market experienced a significant spike in the value of the altcoin AURA, which was virtually unknown just two days ago.
Management Announcement of AURA
The leader of the Cryptonary platform, known as xbtcas, announced plans to take over the management of the altcoin AURA, which is now under the control of the crypto community.
Surge in AURA Price
Following the announcement, AURA saw an incredible rise of 21,362%, reaching a total market cap of $187 million. However, this token is not listed on any major cryptocurrency exchanges.
Possible Market Manipulations
Serious concerns have arisen regarding potential manipulations by xbtcas. Some claim that he acquired 40% to 50% of the supply of a dead token AURA and then initiated the price surge. Subsequently, the influencer began a slow sell-off, potentially earning millions from a token that lacks features.
The situation surrounding AURA raises important questions about market manipulation in the crypto space. Participants should exercise caution and monitor future developments.
