AEVO
It briefly fell 16% when unlocked, then released a lock-up commitment and rebounded.
The AEVO token originated from Ribbon Finance, and there was a price difference with RBN after the launch of B-An.
The rumored "unlock" is actually a market value merger of RBN converted to AEVO, not a traditional token unlock.
Amid the market panic, Aevo did not directly clarify, but said after the decline that this "unlock" was the ability of RBN holders to migrate it to AEVO.
The team also announced that it would re-lock about 15% of the supply by the end of 2024 to show its long-term commitment to AEVO as the leading derivatives DEX on Ethereum.
Although AEVO successfully took on historical debts, abnormalities such as high token spreads, market reactions at the time of conversion, and delays in clarification announcements suggest that there may be manipulation behind the scenes.
The incident is over, and whether the AEVO team can continue to develop still needs to be tested by the market.
