- AEVO price tanks due to massive supply unlocking which team and key investors sold.
- The price crashed by over 20% in the last hour alone and by over 50% is the last month.
- Community leaders who provided support are now under fire from their followers.
The price of AEVO tanked hard today and holders are losing faith in the stability and intent of the project. In detail, the Aevo team unlocked 82% of the token supply followed by the team and the project’s key investors cashing out millions worth of AEVO today.
Specifically, the Aevo team now holds $125 million in AEVO which they will likely sell at any moment. Similarly, the key investors got $172 in AEVO also ready to sell. The Aevo community is hurt and feeling betrayed.
In particular, it seems that retail investors got the worst of the brunt and the community blames big exchanges like Binance for allowing this high unlocking move to take place. The post above marks this event as a sign of the greed that’s corrupting exchanges, developers, and VCs. It marks that projects such as this one are not here for tech but rather to hurt retail investors. Most holders are in a loss of over 70%.
Meanwhile, another popular face in the crypto space also speaks out against the reckless and seemingly selfish move from Aevo. The renowned Doctor Profit, known for his accurate prediction so far, called Aevo a miserable project on their latest announcement. He tells the project not to expect any new investors to join their project.
Responses to both the posts above are filled with rage towards the project calling it a scam. However, the community’s rage is also directed to both Doctor Profit and Marius as well. It seems in the earlier days of the project, both analysts offered support for their project thereby exposing their trusted followers to trust AEVO.
Now, these trusted community members are calling out both persons to stand by what they said and own up to ‘shilling’ the project which now many identify as a scam. In fact, Doctor Profit specifically, admitted to having bought AEVO and predicted the asset to go up to $30.
Their communities are outraged and demand retribution. Some at least expected their advisors to warn them. Although, based on their own outrage and disappointment it seems even analysts tend to make errors and this time poor judgement has cost them their investments as well as their followers.
Read Also
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
