AEVO Token Release: Impact of 827.6 Million Tokens Airdrop on Price
AEVO Token Release: Impact of 827.6 Million Tokens Airdrop on Price
The recent listing of AEVO on Binance and the scheduled token unlock in May 2024 raise questions about its market price. On-chain analysis indicates a decline in momentum, leading to concerns about future performance and value. Analysis of AEVO's Total Value Locked, weekly depositors, and airdrop success reveals insights into user engagement and potential price movements.
On-Chain Data Shows AEVO Is Trying to Keep Its Momentum
The Total Value Locked (TVL) within AEVO is currently positioned at over $14 million. This figure, however, peaked in the closing month of 2023 and the onset of 2024, soaring to an impressive peak exceeding $25 million during this interval. Such a trend shows a substantial contraction of 44% in the TVL in a brief span of under three months.
- TVL serves as a critical barometer for gauging the aggregate value of assets
- Robust TVL is often interpreted as a marker of heightened user faith
- A stable number of depositors suggests a solidifying user base
AEVO Weekly Depositors and Airdrop Analysis
The metric of unique depositors, particularly for AEVO, matters as it highlights the platform's growth and user engagement. The recent AEVO airdrop led to the successful claim of a substantial proportion of tokens by participants. While the excitement around the Binance listing may sustain momentum, the impending token unlock in May 2024 could trigger a significant impact on AEVO's price.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.