The post AERGO crashes over 70% amid Binance manipulation rumours appeared on BitcoinEthereumNews.com.

AERGO has plunged over 70% since its debut on Binance Futures, prompting accusations from community members who suspect market manipulation and coordinated sell-offs may be driving the steep drop. Aergo (AERGO) fell to an intraday low of $0.12 on April 17, afternoon Asian time, bringing its market cap down from $307 million to nearly $78.5 million as of press time. Its daily trading volume was up 88% over the past day, hovering over $1.37 billion. Source: TradingView The drop followed a nearly two-week uptrend that began on April 6, during which AERGO rallied over 1,200% to a record high above $0.658 on April 16, before crashing roughly 75% the following day. AERGO price started tanking less than 12 hours after its listing on Binance Futures, which enabled trading of the AERGO/USDT pair with up to 15x leverage.  Some community members on X have questioned the timing of the crash, especially given Binance’s recent decision to delist AERGO’s spot trading pair on March 28, as part of a routine asset review process, the exchange said at that time. Sometimes market manipulation is just too obvious. Binance, you should at least try to hide it. – Previously Binance delisted $AERGO– A week later token pumped x10– Binance relisted $AERGO on perpetuals – Token dumped 70% within a few hours Might present it as support for… pic.twitter.com/zPgqg5ftg8 — Anastasiia Bobeshko🇺🇦 (@anabobeshko) April 16, 2025 Despite the delisting, AERGO surged over 10x in the following weeks. Then, just hours after Binance reintroduced the token on its Futures platform, the sharp sell-off began, fueling further suspicion around the sequence of events. “Binance is playing a dirty game again,” said analysts at Crypto Gem Signals, criticizing Binance for only stepping in when there’s hype to profit from, and calling the latest move further proof that it’s…

---

Filed under: News - @ April 17, 2025 7:28 am