AKE: 55% Supply Transferred to Binance | Flash News Detail | Blockchain.News
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4/17/2026 2:47:00 AM

AKE: 55% Supply Transferred to Binance

AKE: 55% Supply Transferred to Binance

AKE sees 55% circulating supply (12.3B tokens, $8.67M) moved to Binance by 4 wallets, sparking 65% retrace from $0.00158 peak amid volume surge to $34M.

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Four wallets dumped 55% of AKE's circulating supply—12.3 billion tokens worth $8.67 million—into Binance Alpha over the past four days, likely triggering yesterday's brutal 65% pullback from a high of $0.00158. Daily trading volume exploded from $2 million to $34 million once these tokens hit the exchange, screaming massive sell-off pressure that echoes the crypto market crash vibes we saw in late 2025 when similar whale moves crushed smaller caps. This lines up with broader Bitcoin (BTC) consolidation patterns, where altcoins like AKE bleed hard during BTC sideways action.

Zooming into the 4-hour chart, AKE trades in a clear bearish structure with price glued at $0.0, pinned below both the EMA50 at $0.0 acting as immediate resistance and the EMA200 at $0.0 reinforcing longer-term downside. MACD sits at 0.0 in a death cross, signaling sustained selling momentum that could push toward lower supports, while RSI at 43.14 hangs neutral but risks dipping into oversold if volume sustains—trapped inside Bollinger Bands with upper resistance at $0.0 capping any bounce and lower support at $0.0 as the next exhaustion target. Confluence here points to probable deeper retracement before any reversal, especially if AKE price prediction models factor in this whale dump mirroring AI industry impact on volatile tokens.


余烬

@EmberCN

Analyst about On-chain Analysis