AERGO Price Quickly Nosedives 40% As Binance Listing Loses Steam

Hifi Tech India

The Aergo price has seen a significant uptrend following the recent announcements by prominent exchanges like Binance and DigiFinex Global. Within a day, Aergo surged by 18%, reaching a new all-time high.

However, the token was quick enough to erase its gains with a 40% drop in the last 24 hours.

Binance Launches Aergo Perpetual Contracts, Price Surges
In a stunning announcement, Binance, a top crypto exchange, revealed its decision to launch Aergo Perpetual Contracts. This announcement has caused a stir in the community, pushing Aergo price to a new all-time high of $0.51.

As of press time, Aergo is trading at $0.5138, marking a significant increase of 23.55% in a day. Over the past week, month, and year, the token has seen staggering surges of 287%, 635%, and 243%, respectively.

DigiFinex Lists Aergo Sparking Investor Interest
Coinciding with Binance’s Aergo Perpetual Contracts launch, crypto exchange DigiFinex announced the new listing of tokens, including Aergo. Other tokens newly added to the platform are $SWFTC, $ORCA, $UXLINK & $GOG.

Reportedly, Aergo is listed on DigiFinex with the trading pair USDT, effective from April 15, 2025 (7.00 UTC). The DigiFinex listing, coupled with Binance’s major announcement, has triggered a push in the Aergo price, with traders and analysts remaining bullish.

Binance Sparks Criticism, Know Why
Binance’s Aergo pertual contracts launch announcement comes a week after the exchange delisted the token. Driven by this contradicting action, the community raises concerns over Binance’s intensions.

For instance, analyst Crypto Gem slammed Binance for its contradictory moves. The analyst cited, “Binance is playing a dirty game.” He further added,

They delisted the $AERGO token and now, just a week later, they’re listing it on perpetuals after it pumped 10x in a few days. This clearly shows they don’t care about solid projects or communities only about filling their own pockets.

Despite this criticism, the Aergo price continues its upward trend, targeting new all-time highs.

Recently, Binance founder Changpeng Zhao dismissed rumors of his connections with the US Federal Reserve.

Aergo Targets Top 100 Spot
Driven by these significant developments, the Aergo price is moving on a positive track, sparking both optimism and ambiguity. The 24-hour trading volume of Aergo has experienced a staggering jump of 35%, currently at $791.78 million.

Moreover, Aergo’s market cap jumped 35.5% to $273.57 million. Ranked 158th, analysts predict a potential top 100 spot if the rally continues.