Skip to content

The "unlocking" was explained only after a sharp drop. Did the AEVO team stage a manipulation drama?

May 17, 11:03
The "unlocking" was explained only after a sharp drop. Did the AEVO team stage a manipulation drama?

1. The AEVO token was launched by the options trading platform Aevo, and was rebranded from Ribbon Finance's governance token RBN.
2. The total number of AEVO tokens is 1 billion, and the initial circulation is 110 million. RBN holders can convert RBN to AEVO at a 1:1 exchange rate, but there is a 2-month lock-up period.
3. After AEVO went online, there was a large price difference with RBN, and panic selling was reported in the market. Aevo officials did not clarify the rumors of large-scale unlocking until the decline.
4. The Aevo team said it would voluntarily re-lock about 15% of the supply by the end of 2024 to show its long-term commitment to making Aevo the number one derivatives DEX on Ethereum.
5. The AEVO token has entered a nearly full circulation state. Whether the team that has completed the historical debt can continue to develop through its business will be tested by the market.

Recommended

The Wall Street Journal: How is AI Trading Stealing the Limelight from Cryptocurrency?

Aug 15, 14:00
The Wall Street Journal: How is AI Trading Stealing the Limelight from Cryptocurrency?

Tencent Still Has a Dream

Aug 15, 11:27
Tencent Still Has a Dream

To Catch North Korean Hackers, They Set Up a Fake Project

Aug 15, 10:00
To Catch North Korean Hackers, They Set Up a Fake Project

From Litigation to Settlement: Positive Signal Released by HTX's Negotiation with FCA

Aug 14, 19:32
From Litigation to Settlement: Positive Signal Released by HTX's Negotiation with FCA

11,742 Shipping Addresses Exposed Alongside Trezor Orders

Aug 14, 19:01
11,742 Shipping Addresses Exposed Alongside Trezor Orders

Founder Interview: FOMO Creator Explains How They Added 30,000 Users in One Day and Became One of the Fastest-Growing Crypto Apps

Aug 14, 18:37
Founder Interview: FOMO Creator Explains How They Added 30,000 Users in One Day and Became One of the Fastest-Growing Crypto Apps