en.bitcoinsistemi.com
$AKE’s price has experienced a sharp decline in recent days due to large-scale token transfers to Binance Alpha and subsequent selling pressure.
According to reports, $AKE market manipulators have repeatedly transferred large amounts of $AKE tokens to Binance Alpha in recent days and sold these tokens both through the exchange and via on-chain addresses. These sales led to sharp declines in the token price for several consecutive days.
Approximately three days ago, 3.944 billion $AKE tokens were transferred to Binance Alpha and sold, amounting to approximately $1.22 million. Following these transactions, the $AKE price dropped from $0.0005 to $0.0003, losing about 40% of its value.
In the last few hours, it has been reported that manipulators have again transferred large amounts of $AKE. This time, approximately 9.825 billion $AKE, worth about $2.24 million, was transferred to Binance Alpha. Simultaneously, it was noted that sales continued through on-chain addresses.
Following a new wave of selling, the $AKE price fell from $0.0003 to $0.0002. This drop represents an additional loss of approximately 33%.
*This is not investment advice.