An unusual 50% daily increase in the price of Aergo tokens was recorded today. According to the data from coinmarketcap.com we can see 40-50% increase with significantly increased trading volumes. During the day, participants traded $ 14.7 million (compared to the usual level of $ 1.8-2.5 million).
It is not yet clear what became the growth driver. The main growth falls on one cryptocurrency exchange – South Korean Upbit.
Many traders claim that this exchange is not representative, there are significant difficulties with depositing and withdrawing funds.
Trading on Aergo tokens on other exchanges takes place as usual, the Price of the asset fluctuates around $ 0.03. Here you can see, for example, the state of trading on the Kucoin cryptocurrency exchange:
We already wrote about the upcoming delisting of Aergo tokens on Singapore’s Upbit exchange. Perhaps this event is somehow connected with an unusual price movement specifically for Upbit.
Some traderss believe that the growth may be related to the buyback of tokens from the market by the project team and recall the events of March 2019: tps://medium.com/aergo/token-metrics-march-11-2019-f3a6b8b2dffa
We will monitor the situation.