Token of Solana-built GameFi venture grows 250% in hours, listed below are doable causes
AURY, which is the token of the GameFi venture Aurory primarily based on the Solana blockchain, surged by almost 250% in just some hours yesterday. For the reason that “opening” of buying and selling on the crypto market, the worth of AURY has risen from $0.316 to $1.09 on the peak.
The buying and selling quantity yesterday was additionally according to the worth pattern. Whereas it has not exceeded $200,000 because the closure of buying and selling on FTX, yesterday’s buying and selling quantity was over $1 million. AURY, as a basic Solana-based token with an FTX itemizing, has been hit exhausting by the latest crash. The worth fell by greater than 70% at one level, and many of the liquidity flowed to KuCoin.
Causes behind Aurory (AURY) pump
For the reason that official and information channels about Aurory haven’t shared any tremendous pumping insides and bulletins, it appears there is just one cause for this worth motion. It’s probably that in a low and restricted liquidity surroundings, a big buy of AURY was made by unknown individuals, which induced a storm within the order ebook and such a powerful pump.
On the similar time, as a recreation, Aurory stays one of many prime GameFi projects within the crypto area. The venture additionally has some affiliation with one of many largest recreation studios on this planet, Ubisoft. Among the many buyers in Aurory is Animoca Manufacturers, by which Ubisoft itself invests, and many of the staff additionally got here from the French recreation developer in addition to Digital Arts and Warner Bros.
