In the new week, the cryptocurrency market will witness a very interesting token unlocking event.
Aevo (AEVO), recently launched as a Launchpool project on #Binance , will unlock approximately $1 billion worth of tokens on Wednesday, May 15, 2024. The tokens are scheduled to be unlocked at 08:00 (UTC+3) Turkish time.
Considering that AEVO is an altcoin with a market value of only 132 million USD, this will be a very interesting event. The tokens that will be unlocked represent 752% of the tokens in circulation.
However, the AEVO rights allocation table is calculated based on the #RBN rights allocation chart and assumes that all tokens can be converted immediately after unlocking; RBN holders can convert their RBNs to AEVOs at a 1:1 ratio.
Once the tokens are unlocked, a significant portion of AEVO's maximum supply will be in circulation. At the time of writing, the price of AEVO is $1.20 USD. At launch, the price of the altcoin was around $3 USD.
Note: A large number of UGE tokens will be unlocked in 35 #altcoins in the new week.
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