I'm still very much bullish about $AEVO. Here's why.

I did mention in my first post about #AEVO prior to listing, that it's going to pump to x3 - x4 of its listing price. And indeed from $1.01 opening price, it zoomed up to $3.50 then traders scrambled at $2.50. The price then started hovering around $2.8 to $3.3 and settled around $2.9 to $3.1 range. I'm still very much bullish that it will break $4 once all the negative sentiments from the frustrated airdrop recipients settle down which is dragging the image of Aevo down, halting its price to reach new heights.

Then I waited for another day for the airdrop to end and thought of sharing with you again what I believe will be the new direction of #AEVO in spite of all the noise and confusions and fear brought about by their major airdrop and the upcoming RBN token swap in less than 2 months time.

I've been watching the charts and the trading data on Binance during the airdrop period worrying it might drop, and still #AEVO stood firm in its bullish stance on a very strong ground.

But you might ask, then why did it drop from its strong ground of $3 down to $2.8?

Looking at the trading data, even though majority of the traders are buyers (60%), the only reason why it dropped is not much because of the price of BTC reversing back to $67k and dragging AEVO with it, but more on the impatient sellers (40%) who might have amassed a good load from the airdrop, and just want to cash out their free tokens whatever the price is. So there was a major increase in outflow from impatient sellers, but the buyers stood firm at their positions hoping to catch the dumped tokens down there at a bargain. (Which is what I intend to do if the price continue to drop to a very attractive price.)

So it's like catching a short term drip from the faucet with a huge bucket, which will not be enough to fill it.

Which means once the dripping is over, comes the pumping.

BUT HOW CAN I SAY IT WILL PUMP AFTER AN AIRDROP AND THERE'S A MAJOR RBN-AEVO SWAP COMING SOON?

Fear not my dear ævlings, citizens of ævoland!

According to Ribbon Finance RGP-33 Merging Proposal, the RBN tokens held by investors, team and corporate property (~20% of total supply) will be re-vested (locked). The other portion of ~45% are held in their DAO Treasury (11% vesting and 34% belongs to the circulating supply). So the remaining 35% in circulation includes the Binance Launchpool allotment, airdrop and in other exchanges.

So you see, the airdrop is just a small portion of the total supply, and the RBN holders will not be able to dump their swapped tokens (in May) for the next couple of months even if they want to. And besides, most of the existing RBNs are being locked up by their holders in order to earn from AEVO's trading fees, etc. So I believe, even after the swap, they will still hold on to their tokens to earn commissions and participate in governance.

So dumping is not really my concern even after the airdrop and after the token swap.

My real concern is, when will the sleeping bull wake up?

That depends on how strong BTC will stand, but most especially how aggressive the team of @Aevo will be in promoting their platform in events, tradeshows, etc. and of course how quickly they can materialize their road map in order not to lose the confidence of its community.

By looking at the trading volume now on Binance, $130M in 24 hours is just a teeny weeny and a revving up. I'm still waiting for the gear to shift and the first $1B volume breakthrough, which is going to propel the price of $AEVO beyond the clouds with over $10 price tag.

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