đš HIGH RISK: Why $EVAA Could Crash đš
My deep dive into EVAA Protocol reveals major red flags. Hereâs why the token is dangerous:
1. đŁ TOKEN SUPPLY BOMB
Only ~1.71% of tokens are in circulation. Massive unlocks for team/investors are coming. This will flood the market with new supply, creating immense sell pressure.
2. đ Fragile Tokenomics
The promised buyback & burn relies entirely on protocol revenue. If user activity and fees drop, buybacks stop. This removes a key price support.
3. đ Market Correlation
As a speculative altcoin, EVAA is tied to Bitcoin's mood. With high BTC dominance and neutral/fearful market sentiment, capital is fleeing risky alts like this.
4. â ïž Technical Warnings
The token already corrected ~18% from its high, showing weak momentum. Previous overbought signals suggest a deeper correction is likely.
5. đ€Œ Fierce Competition
While on TON, the DeFi space is getting crowded. EVAA must fight for users and liquidity against many rivals.
Conclusion:
The combination of a future supply glut, fragile economic model, and risky market conditions makes EVAA prone to a severe drop.
DYOR and trade carefully!