Yikes, $AEVO holders! Today ain't exactly sunshine and rainbows. 🤮
Here's the deal: 😤
1) Price Plunge: AEVO is down over 20% in the last 24 hours, trading around $0.81. That's a rough 77% drop from its all-time high! Ouch! 🥶
2) Heavy Trading: There's still some action with a trading volume of over $120 million, but let's be honest, that volume isn't exactly bullish.
3) Market Comparison: #AEVO is lagging behind the market too. Both Bitcoin (BTC) and Ethereum (ETH) are down, but not by as much as AEVO.
4) High Volume to Market Cap Ratio: This means a lot of AEVO is being traded compared to its overall market value. This can be a sign of volatility, so hold on tight!
🚨 A massive token unlock - we're talking 752.36% more AEVO tokens hitting the market, is likely a key factor (among others) behind the price drop. 😅 (Thanks @Lesa Sigler YnTz for this info) 👍
Remember: Don't panic sell based on short-term dips! This is crypto, and things can swing wildly. DYOR and decide what's right for you. 💻👀
Here's hoping for a brighter tomorrow for AEVO! 🌞#altcoins #BinanceLaunchpool #PEPEATH