#XEM Exactly going same as expected as my previous post. Till now we Earned 13% safe profits without any leverage and 130% good profits with 10x leverage ✅
The recent price drop in PAAL can be attributed to the announcement of a planned merger between PaalMind and ASI Alliance, which has led to market concerns. Here’s what’s happening:
1. Merger Announcement & Token Conversion Rate: The merger proposal, with voting scheduled from November 18 to November 23, would convert PAAL tokens to FET (ASI) tokens at a rate of 6.24:1, meaning 6.24 PAAL tokens would convert to 1 FET token.
2. Vesting Period: After the conversion, tokens would be distributed gradually over a 180-day vesting period, with a daily release. This means holders won’t receive all converted tokens immediately, which would delay their access to liquidity.
3. Market Reaction: This vesting period has caused panic among holders who don’t want to wait six months to access their tokens, prompting them to sell off PAAL in anticipation of the merger. This sell-off is driving down the token's price by as much as 70%.
In summary, the main factors are the conversion ratio, the delayed token release, and the fear of losing liquidity for an extended period, all of which are contributing to the current price dump.