Compass Investments

Crypto vs. Dollar

📌 Altcoin will unlock a billion dollar token in the new week.

In the new week, the cryptocurrency market will witness a very interesting token unlocking event. Bitcoin

– In the new week, the cryptocurrency market will witness a very interesting token unlocking event.

Aevo (AEVO), recently launched as a Launchpool project on Binance, will unlock approximately $1 billion worth of tokens on Wednesday, May 15, 2024. The tokens are scheduled to be unlocked at 08:00 (UTC 3) Turkish time.

Considering that AEVO is an altcoin with a market value of only 132 million USD, this will be a very interesting event. The tokens that will be unlocked represent 752% of the tokens in circulation.

However, the AEVO rights allocation table is calculated based on the RBN rights allocation chart and assumes that all tokens can be converted immediately after unlocking; RBN holders can convert their RBNs to AEVOs at a 1:1 ratio.

Once the tokens are unlocked, a significant portion of AEVO’s maximum supply will be in circulation. At the time of writing, the price of AEVO is $1.20 USD. At launch, the price of the altcoin was around $3 USD.

Note: A large number of UGE tokens will be unlocked in 35 altcoins in the new week.

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Bitcoin

Bitcoin

$66,981.52

BTC 2.65%

Ethereum

Ethereum

$3,095.45

ETH 5.10%

Binance Coin

Binance Coin

$580.84

BNB 2.03%

XRP

XRP

$0.52

XRP 1.70%

Dogecoin

Dogecoin

$0.16

DOGE 4.08%

Cardano

Cardano

$0.48

ADA 4.68%

Solana

Solana

$169.27

SOL 6.23%