After the alonzo upgrade, there was a significant uptick in trading volume for aergo. however, there's been a recent turbulence in the price tanked by over 20%.
here's an incident recap: the surge started when more than $162 million worth of aergo traded within seven days after being listed on the koinw exchange. this solid momentum easily placed it among upbit’s top ten most active projects.

the subsequent collapse comes down to selling pressure and market manipulation factors such as media hype or rumors (remember how do kwon’s media “no comment” fueled luna?).

looking at historical charts though, i personally believe this does not signal the nudging end for aergo, which like many other altcoins has suffered bad pr from social network discussions.
there are likely multiple reasons such as :)
- **market manipulation:** influencers may have spread fomo and unfairly profited from public interest.
- **inability to recover quickly:** after news of this coin leak, some exchanges like sushiswap delisted it.
nonetheless! it can successfully recover given that:a *base case*—early stage rally: on june 22th its price peaked near $33 per piece.[image](https://cdn.coinfuture.co.uk/0acc9b1c-a4a3-4379-b53f-eafa83dce4bd/news.files/e44e34ab95cb46e581069632024f2218.png)
a *bearish scenario*—possible spike lower followed by quick recovery; an august bottom pattern could pop up anytime.[image](https://coinmarketcap.com/currencies/aergo-hashgraph/) ;) so all you staunch supporters out there do hold on tight because our steady ship is unwavering even amid stormy seas 🛳🥰😉✌