$AEVO $PYTH #CoinKnowledgeSeries
*Why #Aevo Coin is fallen/falling ?
The recent drop in the price of Aevo (AEVO), a token for a decentralized derivatives exchange, has worried investors.
* Major Token Unlock Causes Selloff.
* The Aevo team and investors recently unlocked 82% of all AEVO tokens. This large number of new tokens in the market caused the price to fall quickly.
* Some people in the community are unhappy about this, saying the Aevo team now has $215 million worth of AEVO tokens, which they can sell at any time, while investors got $172 million worth of tokens.
* Major exchanges like Binance supporting this token unlock has also raised concerns about transparency and communication.
*In summary, the recent token unlock event and lack of bullish signs have contributed to Aevo’s price decline. Investors are closely monitoring the project’s actions and communication to restore confidence in its long-term sustainability. 📉🔍
