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

#AEVO will break $4 once all the negative sentiments from the frustrated airdrop recipients settle down which is dragging the image of Aevo down.

During the airdrop period I thought the price will drop, yet #AEVO stood firm in its bullish stance.

Buy why did it drop to $2.8?

Even though majority of traders are buyers (60%), the reason it dropped (slightly due to price of BTC reversing to $67k and dragging AEVO with it), but more on the impatient sellers (40%) who might have amassed a good load from the airdrop. 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.

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!

Based on Ribbon Finance RGP-33 Merging Proposal, the RBN tokens (~20% of total supply) will be re-vested (locked), ~45% held in their DAO Treasury and 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 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.

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

That depends on how aggressive @Aevo and their road map will be.

The trading volume of $130M is just a revving up. Wait for the first $1B breakthrough, it will propel the price of $AEVO beyond the clouds with over $10 price tag.

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Read More: AEVO - A Bullish Insight