Today, the cryptocurrency market witnessed the huge rise of an altcoin that, interestingly, was completely unheard of just two days ago.
xbtcas, the leader of the cryptocurrency research and analysis platform Cryptonary and also an active influencer in the memecoin world, announced that they are planning to take over the management of the cryptocurrency called AURA by the cryptocurrency community under their leadership.
Following this development, the AURA price has increased by an incredible 21,362%. The token’s total market value has reached $187 million and it is not listed on any major cryptocurrency exchange.
Chart showing the rise in AURA price.
However, there are some serious concerns about this Solana-based altcoin and xbtcas. There are those who claim that xbtcas bought 40% to 50% of the supply of a dead cryptocurrency, AURA, and then made the announcement that brought the rise in question. According to the allegations, the influencer started to sell slowly after the token rose, and thus may have earned millions of dollars from a cryptocurrency with no features.
*This is not investment advice.
