How is the AEVO coin now? Interpretation of the sharp rise and fall of AEVO two months after its launch

The Aevo team voluntarily re-locks 15% of the token supply until the end of 2024. The conversion from RBN to AEVO has been completed. This time it is a conversion rather than a token unlock. AEVO is close to full circulation. Aevo said that in order to demonstrate the team’s long-term building philosophy, the team and supporters voluntarily re-locked 15% of the supply of tokens until the end of 2024.

Unlock the amount of tokens?

Before the conversion from RBN to AEVO is started, users can check on the token unlocking website token.unlocks. AEVO will unlock tokens worth US$1.06 billion on May 15, which is 770% of the circulating market value. %. The market also began to circulate corresponding panic and selling remarks.

However, as mentioned above, this conversion only converts the circulating market value of RBN to the circulating market value of AEVO, which can be understood as the merger of the market values ​​of the two tokens. Unlocking in the conventional sense should be when the token changes from an "unsellable" state to a "sellable" state. However, before the conversion, RBN itself is in a large amount of circulation and can be traded freely.

Clarification after the fall

Regarding the market volume unlocking rumors, Aevo did not make a clear clarification, but provided relevant content for users on how to perform RBN conversion. When the "unlock" event expired on May 15, AEVO fell 16% in one hour. Today, May 16, Aevo issued an article explaining the "unlocking". The original text is: "(This round) 'unlocking' is not a typical insider/VC/team unlock, it is RBN holders (obtained) ) to migrate its RBN to the AEVO token.” , the team and supporters will voluntarily re-lock approximately 15% of the supply before the end of 2024.” After this statement, AEVO tokens began to rebound rapidly, with a maximum increase of more than 10% in three hours.

Conclusion

It is true that Aevo has shouldered the historical burden from the Ribbon Finance period at a low cost, but the price difference of up to 100% of the tokens and the days of "conversion" rather than "unlocking" The various abnormal situations of measuring the power of the market smashing and making clarification announcements only after the market crash may mean that behind it is a self-directed and self-acted road to control the market.

However, all related events have come to an end, and AEVO tokens have entered nearly full circulation. Whether the team that has completed its historical debts can continue to develop its business will be left to the market to test.

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