One Altcoin Set to Release $1 Billion Worth of Tokens in Upcoming Week
The cryptocurrency market is set to experience a unique event in the coming week as a significant amount of tokens are unlocked. Aevo (AEVO), which recently debuted as Binance’s Launchpool project, will see approximately $1 billion worth of tokens become available on Wednesday, May 15, 2024. The unlocking is scheduled for 08:00 Türkiye time (UTC+3).
This news is particularly intriguing considering that AEVO currently has a modest market capitalization of only $132 million. The number of tokens becoming unlocked represents a staggering 752% of the tokens currently in circulation.
It is worth noting that AEVO’s vesting table follows the RBN vesting schedule, assuming that all tokens can be converted immediately post-unlocking. RBN holders will have the option to convert their RBN to AEVO at a 1:1 ratio.
Following the release of these tokens, a significant portion of AEVO’s maximum supply will be in circulation. At the time of writing this article, AEVO is trading at $1.20. Upon its initial launch, the altcoin started at approximately $3 per token.
*This information is provided for informational purposes only and should not be considered as financial advice.