$EVAA update: -74% confirmed the verdict, LP is still open

$EVAA (EVAA) keeps falling. Since our first review, when the token had pumped 127% without a single social mention, price is down 74%. The 3/10 verdict looked strict then - now it reads like an accurate diagnosis of structural problems that were never fixed.

What changed (and what did not)

The token is 285 days old - it survived the first volatility wave, usually a positive sign. But the core red flags remain untouched:

• Top-10 wallets still hold 83% of supply - critical concentration. For comparison, quality memes are usually below 30%.
• LP is not locked at all (0% locked) - creators can remove $161K liquidity at any moment.
• FDV is inflated 157x versus liquidity ($25.3M vs $161K) - a classic degen trap.
• The deployer holds 0% and revoked mint rights - good, but not enough to offset insider concentration.

Why price still has volume

Despite the structural problems, the token shows live trading:

• 24h volume $7.4M against $161K liquidity = 46x turnover - an organic-looking pattern, not purely bot-like.
• 25K+ holders and roughly equal daily buys and sells (79K vs 80K) suggest distributed demand.
• No socials - growth is driven by pure trading, not influencer hype.

But that does not save it: with this distribution of power, any top-10 holder can trigger a cascade selloff.

The verdict did not change

A 74% drop over a week or two is not random; it is a consequence. The token was born with a genetic flaw: concentration + open LP + inflated valuation. Every unexplained 127% pump is overbuying, and a -74% correction is logical. The analogue: $LEVI also fell -69% after our review due to structural LP problems.

If you hold it, liquidity-removal risk remains real. If you do not, there is no reason for FOMO.