AERGO price has fallen 63% in the past 24 hours following a series of controversial actions by the Binance exchange.
The significant drop comes after AERGO recorded a 248.1% gain over the past 14 days, a period during which it was one of the market’s top performers.
Suspicious timing triggers manipulation allegations
AERGO’s price decline has sparked serious questions about Binance’s conduct towards the token. The drama centers on a chain of events that many crypto analysts find appalling. On March 28, 2025, Binance announced that it would delist all spot trading pairs of AERGO as part of what the exchange described as the normal asset review process.
Following this delisting, AERGO witnessed a significant price surge. In fact, it even led the CoinGecko gainers with a 265% pump on April 13. Barely a few days post price surge, Binance revealed that it would list AERGO/USDT perpetual futures contracts on April 16, 2025, at 11:00 UTC.
The token plummeted less than 12 hours after listing on futures, which led to a public outcry on X. An account going by the “BUTCHER” name cited the curious chain of events: Binance delisted AERGO first, then the token later pumped very strongly, then Binance listed futures contracts.
Community outrage grows amid price volatility
Many users squarely blamed Binance for being predatory. One X user posted that Binance is playing dirty by first delisting the AERGO token and later, after a week, listing it in perpetual futures after it 10x pumped within a couple of days.
The user added that this action confirms that the exchange cares more about profitable gains compared to supporting good projects and communities.
Another user questioned why Binance would delist spot trading for a token and later on enable high-leverage futures trading on the same token. The timing of these actions has raised suspicion that the exchange or related parties could have benefited from the price action.
AERGO team responds to price crash
In order to reverse the price volatility and growing community unrest, the project’s team made an official announcement regarding the matter. The team acknowledged the market volatility and added that sudden price increases followed by sudden reversals are a cruel reality in the cryptocurrency world. They went on to add that their concern has never been about short-term price action.
The announcement came along with AERGO’s persistent commitment to three key priorities: L2 scaling to open the network up and support enhanced AI-integrated workloads, institutional adoption through partnership and infrastructure of real-world standards, and ecosystem growth as a way to eschew destructive volatility in the long run.
The AERGO team stated that Binance listed the token on their futures platform without telling the team beforehand, just as the decision to delist token was without notice. The team stated that they asked for a spot listing, so the users could try to reduce the extreme volatility, however they had no response.
The statement finished on transparency and accountability and referenced a custodianship partnership that was recently announced as part of their ongoing commitment. The team reiterated they had a long-term view and stated that they focused on value creation that lasts, not “short-lived pumps.”
Source: Cryptopolitan / Digpu NewsTex