𝗣𝗔𝗔𝗟 𝗰𝗿𝗮𝘀𝗵𝗲𝗱 𝟳𝟬% 𝗶𝗻 𝗮 𝗱𝗮𝘆 🚨🚨
 
People are still confused about what went wrong with $PAAL.
 
HOW HAS IT ALL STARTED?
 
Yesterday, news came out that @PaalMind is planning to merge with @ASI_Alliance.
 
For this merger, the community voting will start on November 18, 2024, and will close on November 23, 2024.
 
But why can a merger news drop the price by 70%? 🤔
 
Lemme explain..
 
First, you have to understand the token conversation. 
 
◽ #FET (ASI) Token Supply: 2,719,493,896
 
◽ #PAAL Token Supply: 1,000,000,000.
 
◽ Token Merger Rate: 6.24:1 (If you have 6.24 PAAL tokens, then you will have 1 FET).
  
Now the main problem is that once the merger happens, you will not get all your tokens at once.
 
There will be a vesting period of 180 days for converted tokens.
 
You will get an equal continuous release over 180 days (daily).
 
This is causing panic in the market because no one wants to wait for 180 days (6 months) to get all tokens back.
 
Now PAAL holders are dumping the token in the fear that if this merge happens, they have to wait for 6 months.
 
What's your opinion about this? 👇

$FET is still consolidating on this massive Power of 3.

Lately, we are having a correction but this recent deviation and support reclaim is promising for a reversal.

Let's see if we can break that trendline!

#Fetch_ai #Fetupdate #FET