AKE price has seen a sharp decline in recent days due to large-scale token transfers to Binance Alpha and the resulting selling pressure.
According to reports, AKE market manipulators have repeatedly transferred large quantities of AKE tokens to Binance Alpha in recent days and sold these tokens both through the exchange and through on-chain addresses. These sales led to sharp drops in the price of the token for several consecutive days.
About 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 price of AKE fell from $0.0005 to $0.0003, losing approximately 40% of its value.
Related news BREAKING: Coinbase suddenly removes 5 Altcoins
In the past few hours, it has been reported that handlers have again transferred large quantities of AKE. This time, around 9.825 billion AKE, worth around $2.24 million, was transferred to Binance Alpha. At the same time, it was noted that sales continued through chain addresses.
Following a new wave of selling, the price of AKE increased from $0.0003 to $0.0002. This drop represents an additional loss of approximately 33%.
*This does not constitute investment advice.
