Why is Aerodrome Finance price falling today? AERO drops 6%

Aerodrome Finance has fallen nearly 6% below $0.80 on October 22, extending its retreat from recent highs following the launch of Aero, a unified exchange combining Aerodrome and Velodrome across seven blockchain networks. Summary Aerodrome Finance fell 6% to approximately $0.796 on October 22 following the Aero exchange launch. Aerodrome and Velodrome have combined operations under Aero, covering seven blockchain networks through one trading platform. The migration introduces a unified AERO token, new staking arrangements and revised liquidity incentive mechanisms for holders. AERO futures open interest declined 7.88% to $138.33 million, suggesting traders reduced outstanding derivatives exposure. Technical indicators favor sellers near $0.80, while spot exchange outflows offer limited evidence of immediate selling. According to the Aero team’s announcement, the new platform brings together the decentralized exchanges previously operating on Base and OP Mainnet, with existing AERO and VELO tokens migrating into a common token system. Why is Aerodrome Finance price falling after the Aero merger? AERO traded around $0.7958, down 5.74% over 24 hours, after reaching a daily high of $0...