Aevo has just confirmed another buyback and burn of 1,000,000 AEVO, bringing the total number of tokens bought back and burned to around 77 million AEVO, or about 7.7% of the total supply. 🔥
💥 What’s noteworthy: this wasn’t a random burn. The buyback mechanism is tied to Aevo’s revenue:
REVENUE → BUY AEVO → BURN → REDUCE SUPPLY
Meanwhile, AEVO is currently trading around $0.026, with a market cap of about $24.8M and 24-hour volume of around $2.86M.
⚠️ But here’s the part worth watching: a small market cap means AEVO could be extremely volatile if money flows back in.
🔥 77 MILLION TOKENS HAVE BEEN BURNED.
🔥 SUPPLY CONTINUES TO SHRINK.
👀 The big question: How will AEVO react when capital flows return?$AEVO
AEVOUSDT
Perp
0.0246
-7.02%