According to PANews, the price of the AEVO token has seen a significant decrease, currently reported at $0.8364. The token experienced a drop of 8.8% within an hour and a 24-hour decline of 20.4%.
Previously, around 827 million AEVO tokens, which account for 752.36% of the circulating supply, were unlocked on May 15th at 15:59 Beijing time. The value of these tokens is estimated to be around $1 billion. The unlocking of such a large number of tokens could be a contributing factor to the sharp decline in the token's price.
