๐จ BEARISH ALERT: $AKE
AKEDO is facing a major supply overhang.
๐ 2.1B $AKE tokens worth roughly $66.9M are scheduled to unlock on Oct. 21 โ around 9.25% of its current circulating market cap.
Thatโs a huge amount of potential sell-side pressure hitting the market at once.
And it gets worse: wallets suspected of being linked to an AKE market maker were recently reported to hold 12.4B $AKE , representing more than 54% of circulating supply.
$AKE bulls need demand to absorb this supply. Otherwise, another sharp move lower could be on the table.
AKEDO is facing a major supply overhang.
๐ 2.1B $AKE tokens worth roughly $66.9M are scheduled to unlock on Oct. 21 โ around 9.25% of its current circulating market cap.
Thatโs a huge amount of potential sell-side pressure hitting the market at once.
And it gets worse: wallets suspected of being linked to an AKE market maker were recently reported to hold 12.4B $AKE , representing more than 54% of circulating supply.
$AKE bulls need demand to absorb this supply. Otherwise, another sharp move lower could be on the table.