The exact same CEX hot-wallet deposit pattern is repeating on $AKE .
On-chain tracking shows another fresh wave of spot supply moving straight onto exchange order books:
• 4.7M+ AKE ($252K+) deposited into Gateio hot wallets within the last hour alone (0x0D07)
• 1.97M AKE ($113K) transferred 21 minutes ago
• 2.71M AKE ($139K) transferred 1 hour ago
Price Action Context
After price pushed back up toward 0.064 to sweep local relief liquidity, overhead sell pressure immediately took control, driving price down to 0.057.
The last time this exact transfer pattern hit Gateio hot wallets, continuous CEX deposits crushed order book bids and drove price straight down to 0.031 lows.
With newly unlocked tokens being routed onto exchange order books into every relief bounce, overhead distribution pressure remains heavy.
Watching how price reacts as this fresh exchange-bound supply hits active bids.
Tracking the flow. 👀
On-chain tracking shows another fresh wave of spot supply moving straight onto exchange order books:
• 4.7M+ AKE ($252K+) deposited into Gateio hot wallets within the last hour alone (0x0D07)
• 1.97M AKE ($113K) transferred 21 minutes ago
• 2.71M AKE ($139K) transferred 1 hour ago
Price Action Context
After price pushed back up toward 0.064 to sweep local relief liquidity, overhead sell pressure immediately took control, driving price down to 0.057.
The last time this exact transfer pattern hit Gateio hot wallets, continuous CEX deposits crushed order book bids and drove price straight down to 0.031 lows.
With newly unlocked tokens being routed onto exchange order books into every relief bounce, overhead distribution pressure remains heavy.
Watching how price reacts as this fresh exchange-bound supply hits active bids.
Tracking the flow. 👀
