The Price of This Unknown FTX-Linked Altcoin Suddenly Increases 250 Percent: Why?

Solana blockchain-based GameFi project of aurory with altcoin AURY, yesterday it increased by about 250% in just a few hours.

Cryptocurrency AURY’s price has risen from $0.316 to $1.09 at its peak since the “start of the day” in the market. With the subsequent decline, the price of the altcoin is trading at $ 0.62 at the time of this writing.

Yesterday’s trading volume was also in line with the price trend. While trading on FTX has not exceeded $200,000 since closing, yesterday’s trading volume was over $1 million.

AURY, a classic Solana-based token with FTX listing, has been hit hard by the recent crash. The price dropped more than 70% at one point and most of the liquidity flowed to KuCoin.

What Causes Aurory’s (AURY) Live Pump?

There seems to be only one reason for this price move, as official and news channels about Aurory have not shared any outstanding pump information and announcements.

Presumably in a low and limited liquidity environment, a large AURY purchase was made by unknown persons, resulting in a bounce in the order book and such an impressive pump.

However, Aurory remains one of the biggest GameFi projects in the crypto space as a game. The project also has some connections with one of the world’s major game studios, Ubisoft.

However, the altcoin’s price is still trading around 97% lower from its high of $23.32.

Aurory’s investors include Animoca Brands, which Ubisoft has also invested in, and most of its employees come from Electronic Arts and Warner Bros., as well as the French game developer. However, due to the altcoin’s connection with FTX, it is viewed with suspicion by some names.

*Not investment advice.