Solana Memecoin Rallies Nearly 5,000% Within Hours Despite Rug Pull Allegations

1. WHO was/is affected? Investors and traders in the Solana ecosystem who purchased the aura (AURA) memecoin during or after its dramatic price surge are at significant risk of being affected by this potential rug pull. 2. WHAT happened? A Solana-based memecoin called aura experienced an extraordinary price surge of nearly 5,000% within hours, causing its market cap to jump from $1 million to $50 million in just 4 hours. However, this rapid growth has been flagged by a crypto scam tracker as potentially being a rug pull setup. 3. HOW it happened, and how can viewers prevent themselves from getting scammed? The dramatic price increase likely resulted from coordinated buying, possible token burns, artificial liquidity manipulation, and social media hype to create FOMO (fear of missing out). Viewers can protect themselves by: conducting thorough research before investing, checking if the project has been audited, verifying if team tokens are locked, examining the token distribution, avoiding projects with anonymous teams, and never investing more than they can afford to lose. 4. WHY this happened? This scenario is common in the cryptocurrency market, especially with memecoins that lack fundamental value. Project creators may have intentionally designed this to create short-term hype, attract substantial investment capital, and then potentially withdraw liquidity (the 'rug pull'). The rapid growth plays on investors' greed and FOMO, common psychological factors that scammers exploit. 5. WHERE are people affected? This affects crypto traders and investors worldwide who participate in the Solana ecosystem, particularly those active on decentralized exchanges where these memecoins are typically traded.