Crypto Rollercoaster: Solana Memecoin Soars 5000% — Is It a Pump & Dump? 🚀💸

Meet aura, the Solana-powered meme coin that decided to take a joyride from a measly $1 million to a jaw-dropping $50 million in just four hours. Because who needs stability when you can have chaos, right? Oh, but don’t get too comfy — a crypto scam tracker has already stamped it with a big, red “RUG PULL ALERT.” 🎭

According to CoinGecko (the grown-up’s playground), aura (AURA) went from a tiny $0.001 to a decent $0.005 on June 11, pretending to be a Tesla stock in a market rally — 400% in a matter of hours. Trading volume? It shot up more than 115,000%. Talk about throwing a party with free drinks! 🍾

Now, here’s the twist—no official news, no announcement, no red carpet event. Just silence, like a bad date. Yet AURA keeps climbing, up a staggering 4130% over the past day, hanging out at around $0.042 with a “market cap” of $41.6 million. Because nothing screams trust like a spontaneous moonshot, right?

Some sharp-eyed traders think perhaps a fancy whale (the kind with more cash than sense) connected to SPX — a popular Solana coin — got the ball rolling. This whale apparently scooped up $500,000 worth of AURA just before the party started, maybe winking at other investors to jump on board the hype train. 🚂

And surprise! Early birds already cashed out their worms. Lookonchain reports one savvy whale made a cool $104,000 profit from selling 2.87 million AURA tokens — a tidy 433% return since their bargain-basement purchase five months ago. So much for HODLing. 🦢

But hold your horses, because not everyone is jumping for joy. Enter David, the crypto scam detective (and professional buzzkill), who warns that this could all be a big ol’ organized rug pull. His eyes aren’t just for show; he’s been tracking AURA since it first appeared in late May and notes—crystal clear—that it hasn’t really ‘done’ anything since inception except pump, then dump.

He points out that AURA previously hit a whopping $70 million market cap and then vanished faster than your remote control — crashing to just $500,000 in a couple of months, probably because insiders decided to pull the proverbial parachute. 🪂

On-chain clues suggest a classic case of insider shenanigans: the big wallets, holding out of sight, appear to be transfer or split from other wallets. Most of these big players are fresh faces without a history in the space, making the whole thing look more like a rigged game than a genuine rally.

As David beautifully puts it, “It’s not a utility token, so insiders probably don’t know anything useful. Just pretty pictures and a pump.”

With no real catalyst, an eye on manipulation, and a handful of whales with too much power, caution is your best friend. AURA is currently trading 42.5% below its all-time high—because why aim for steady when you can aim for the moon and risk crashing onto the moon’s surface instead? 🚀🌙

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2025-06-11 15:31