AURA Token Skyrockets 3,500% in 24 Hours: Solana-based token AURA stuns the market with a massive surge, igniting both hype and suspicion.

Aura (AURA), a mostly overlooked Solana-based token, has stunned the crypto market with a jaw-dropping rally, skyrocketing over 3,500% in just 24 hours.

Solana-based token AURA has skyrocketed a staggering 3,500% in 24 hours, igniting both hype and suspicion among crypto investors.

The token’s price soared from $0.001 to $0.037, also pushing its market cap to $34.4 million and volume past $38 million.

But while the surge has energized millions of investors to try new coins in 2024, it is seen as a risky trap by many in the community.

Launched in May 2024, AURA previously peaked at $78 million before nearly disappearing, dropping to just $600K.

This latest comeback, possibly sparked by a wave of coordinated buys, has brought a previous investment of $24,000 to $128,000, netting $104,000 in profit. Another trader claims an unrealized gain nearing $700,000.

Community Warns Of A Possible Rug Pull

However, despite the bullish price action, experts and crypto scam trackers are urging caution.

According to David, a prominent on-chain scam tracker, AURA exhibits multiple signs of a potential rug pull. He flagged the token as a “Level 3, Expert SCAM,” highlighting its lack of utility, suspicious distribution, and the timing of the pump.

He noted that AURA was only created in May 2024, briefly hit a $70 million market cap, then collapsed before its latest moonshot.

He highlighted that top holders never bought their tokens but received them through wallet transfers, which could indicate manipulation or coordinated efforts to pump and dump the token.

Lack Of Fundamentals Raises Serious Doubts

No major partnerships, roadmap updates, or protocol launches have been announced to justify the sudden rally.

The surge in activity, particularly around 6 PM UTC on June 10, appears disconnected from any legitimate news, prompting further suspicion.

While some traders are celebrating overnight riches, analysts are urging the community not to get swept up in the hype. With no clear fundamentals and a murky token history, Aura’s explosive rise could end in disaster, a sobering reminder of the risks in low-cap, unvetrated tokens.