Five-sixths of the USDT in the main pool has been pulled out, while AEON keeps piling in. This pool is now heavily lopsided. 😅
$AEON is currently around $0.024, down about 15% in a day. Let’s get the numbers straight first: total supply is 1 billion tokens, with a fully diluted valuation of about $23.7 million; only 245.6 million are circulating, for a circulating market cap of about $5.8 million. Looking at just one big number can easily make you scare yourself.
The main pool is AEON/USDT. It started with $499,000 in USDT, but now has only $82,900 left—about 83% has been pulled out. Meanwhile, the amount of AEON has climbed from 13.3 million to 25.7 million, nearly doubling. The pool now has only about $165,000 in it, yet around $846,000 flowed through it in a day—that’s more than five times the pool’s own size. Money is being pulled out while tokens are piling in, so it’s no surprise the price is falling.
The top ten addresses hold about 86% combined, and the top two alone account for 42.3%. The project provides payment settlement for AI agents, so the narrative isn’t baseless. But with token holdings looking like this, it’s hard to say how many sell orders the pool can absorb if liquidity keeps being pulled out.
If you’re holding, watch two things: whether USDT flows back into the pool, and whether the addresses holding that 42.3% between the top two move. Wait for USDT to flow back in before thinking about anything else. If it keeps flowing out and the top ten start moving, set it aside for now.
This is not investment advice. Alpha projects are high-risk and could go to zero. Do you think this pool is just being drained temporarily, or will it keep being drained?
#BinanceAlpha #AEON #OnChainWatch