{"id":15794,"date":"2024-08-02T16:44:54","date_gmt":"2024-08-02T13:44:54","guid":{"rendered":"https:\/\/forklog.com\/en\/aevo-plummets-90-from-peak-as-okx-chief-raises-concerns-over-listings\/"},"modified":"2024-08-02T16:44:54","modified_gmt":"2024-08-02T13:44:54","slug":"aevo-plummets-90-from-peak-as-okx-chief-raises-concerns-over-listings","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/aevo-plummets-90-from-peak-as-okx-chief-raises-concerns-over-listings\/","title":{"rendered":"AEVO Plummets 90% from Peak as OKX Chief Raises Concerns Over Listings"},"content":{"rendered":"<p>Since its <a href=\"https:\/\/forklog.com\/en\/news\/aevo-distributes-30-million-aevo-tokens-in-airdrop\">launch in March<\/a>, the native token of the L2 cryptocurrency derivatives platform Aevo (AEVO) has plunged from a high of $3.7 to $0.43, a nearly 90% drop.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfWPZCvJNY2iu34zXWTfRJKnmvnXCvq_rtLsWgCWpY1pT7yoEpgwHd5JYDhs8_d2O2OOQzErkFmiW-MFxCEgu2y6qYAxa4F7TEeomZZw1oIrW-ZGVjtaSSKiGz7BG6UwSVhTrXYEj_d1brHo3n_DmJ4mCV7?key=MQstistCveJ8LK6sL-zBVw\" alt=\"AEVO Plummets 90% from Peak as OKX Chief Raises Concerns Over Listings\"\/><figcaption class=\"wp-element-caption\">Daily chart of AEVO\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/AEVOUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/aevo\">CoinGecko<\/a>, the token&#8217;s market capitalization has tumbled from a peak of $900 million to $373 million.\u00a0<\/p>\n<p>The asset is listed on nearly all major centralized cryptocurrency exchanges, including Binance, OKX, Gate.io, Bybit, and MEXC.<\/p>\n<p>The sharp decline in the token&#8217;s price caught the attention of OKX CEO Minxing Xu, known online as Star, who questioned the purpose of <span data-descr=\"centralized exchanges\" class=\"old_tooltip\">CEX<\/span> in listing tokens.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\">\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240List Token\u7684\u521d\u8877\u662f\u4ec0\u4e48\uff1f\u4e00\u4e9bToken\u9879\u76ee\u65b9\u5728List\u5230\u4ea4\u6613\u6240\u4ee5\u540e\uff0c\u552f\u4e00\u505a\u7684\u4e8b\u60c5\u5c31\u662f\u91ca\u653e\u3001\u51cf\u6301\u548c\u6536\u5272\u7528\u6237\u3002\u4ea4\u6613\u6240\u4e0d\u5e94\u8be5\u6210\u4e3a\u8fd9\u7c7b\u9879\u76ee\u65b9\u7684\u5e2e\u51f6, OKX\u5728List\u65b9\u9762\u505a\u7684\u4e5f\u4e0d\u597d\u3002\u7531\u4e8e\u6682\u65f6\u6ca1\u6709List\u548c\u51cf\u6301\u65b9\u9762\u7684\u76d1\u7ba1\uff0c\u5982\u4f55\u4fdd\u62a4\u8fd9\u4e2a\u5e02\u573a\uff1f\u8fd9\u662f\u4e00\u4ef6\u503c\u5f97\u5168\u884c\u4e1a\u53cd\u601d\u7684\u4e8b\u60c5\u3002 <a href=\"https:\/\/t.co\/GO2f57LyNX\">https:\/\/t.co\/GO2f57LyNX<\/a><\/p>\n<p>\u2014 Star (@star_okx) <a href=\"https:\/\/twitter.com\/star_okx\/status\/1819155077602705772?ref_src=twsrc%5Etfw\">August 1, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;After some projects get listed on exchanges, the only thing they do is release [tokens], reduce reserves, and harm users,&#8221; he wrote.\u00a0<\/p>\n<\/blockquote>\n<p>In his view, trading platforms should not become &#8220;accomplices&#8221; to such projects, which is why OKX &#8220;does not excel in listings&#8221;:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Since there is currently no oversight on the listing and delisting of assets, how can we protect this market? This is something the entire industry should reflect on.&#8221;\u00a0<\/p>\n<\/blockquote>\n<p>AEVO is not the only token to show negative performance post-launch. For instance, the <a href=\"https:\/\/forklog.com\/en\/news\/starknet-initiates-strk-token-claim-and-lists-on-major-exchanges\">February-launched<\/a> token of the L2 solution StarkNet (STRK) fell from a peak of $4.4 to $0.44, a 90% drop.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcrXApDEB5mP72TGArqwQNITWv7O5PM6mw9_K9-MfxcYRsViC4ihLaNF-yjRV2v86RcOmvBC3c_03wdAn64NxhZcHoZp2WE7fYMV1jy3rran85hirSUNIGpMWbtSM46fiPtwyBz3v0PzN-KJgIlAoZRQ-4?key=MQstistCveJ8LK6sL-zBVw\" alt=\"AEVO Plummets 90% from Peak as OKX Chief Raises Concerns Over Listings\"\/><figcaption class=\"wp-element-caption\">Daily chart of STRK\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/STRKUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Notably, the ZKX project, built on the protocol, was shut down due to the token&#8217;s issues. The team also cited &#8220;low community engagement.&#8221;\u00a0<\/p>\n<p>Back in May, a researcher known as flow <a href=\"https:\/\/forklog.com\/en\/news\/study-reveals-binance-token-listings-as-investor-traps\">observed<\/a> that over the past six months, 80% of tokens from new listings on Binance had lost value compared to their trading debut day.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since its launch in March, the native token of the L2 cryptocurrency derivatives platform Aevo (AEVO) has plunged from a high of $3.7 to $0.43, a nearly 90% drop.\u00a0 Daily chart of AEVO\/USDT on Binance. Data: TradingView.\u00a0 According to CoinGecko, the token&#8217;s market capitalization has tumbled from a peak of $900 million to $373 million.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1286,1291,596],"class_list":["post-15794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-listing","tag-okx","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15794"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15793"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}