Token Swap Details (June 29, 2026)
Published 6/28/2026, 8:19:33 PM
Traders should prepare for the EVAA token swap scheduled for June 29, 2026, as it involves a mandatory migration from "EVAA Vouchers" to "EVAA vesting positions" that could significantly impact liquidity and price stability. Current market data shows extreme volatility, with a 116x volume surge accompanied by a sharp price decline, suggesting a distribution phase by large holders ahead of the conversion [Source: https://x.com/Finora_EN/status/2071207437013553209].
Token Swap Details (June 29, 2026)
The event is structured as a "Voucher Conversion" rather than a standard 1:1 liquid token swap.
- Mechanism: All EVAA Vouchers will be converted into EVAA vesting positions based on a holder snapshot [Source: https://www.google.com/search?q=EVAA+protocol+token+swap+June+29+2026+details].
- Action Required: Holders must withdraw vouchers from NFT platforms (like Getgems) and move them to personal on-chain wallets (e.g., Tonkeeper, MyTonWallet) before the snapshot to remain eligible for the conversion.
- Vesting Terms: The conversion results in vesting positions, meaning tokens will not be immediately liquid. Specific vesting durations and cliff terms have not been detailed, which may lock up capital for an extended period.
- Context: This follows a postponement of the original April 2024 unlock, which was reportedly delayed to mitigate sell pressure [Note: not independently confirmed].
Market Performance & Supply Risk
The protocol is currently experiencing high sell-side pressure and supply concentration.
| Metric | Value | Source |
|---|---|---|
| Current Price | $0.7029 | [Source: https://www.coingecko.com/en/coins/evaa-protocol] |
| 24h Price Change | -12.28% (Intraday lows reported at -55%) | [Source: https://x.com/Finora_EN/status/2071207437013553209] |
| 24h Trading Volume | $2.59M (116x surge) | [Source: https://www.coingecko.com/en/coins/evaa-protocol] |
| Circulating Supply | 6.62M (13.24% of Max) | [Source: https://www.coingecko.com/en/coins/evaa-protocol] |
| Max Supply | 50.00M | [Source: https://www.coingecko.com/en/coins/evaa-protocol] |
Key Risks for Traders
- Supply Overhang: Approximately 37.8% of the circulating supply (2.499M tokens) was recently moved to 10 addresses, signaling potential preparation for exchange deposits and further sell pressure [Source: https://www.google.com/search?q=EVAA+protocol+token+swap+June+29+2026+details].
- Concentrated Accumulation: Social monitoring identified "fresh wallets" accumulating ~5.8M EVAA (roughly 37.85% of circulating supply) at an average entry of $0.694 [Source: https://x.com/Eveningtraders/status/2070712938206552431].
- Technical Weakness: Analysts suggest the price structure remains bearish unless EVAA reclaims the $0.77–$0.79 zone. A failure to hold the $0.70 level could lead to a further drop toward $0.66.
Traders should be aware that while the swap is confirmed for June 29, 2026, the transition to vesting positions means immediate liquidity post-swap is unlikely. The massive volume spike followed by a price crash suggests that large-scale distribution is already underway.