I’ll say this right away: this is going to be very interesting. I was supposed to be watching $LYN today, but the falling market and a limit order for $AKE sitting at 0.026 distracted me. I canceled it because the trend had broken and the price action was sluggish.

I decided to take a look at what’s going on with the coin in other people’s wallets, and I’m a little stunned.

For the first time, we’re seeing an outflow from exchanges. The buybackers are buying, and I started wondering who they were: traders or buybackers? The latter, of course. This kind of signal usually precedes a wild pump, but don’t rush to buy. The buybackers have the situation completely under control, and in my opinion, there’s no point getting in without a reversal.

I’ve identified the following wallet categories:

Buybackers.

Recipient (unlock recipients)

Investors (those who received coins from the Investors pool)

Coins were handed out at the listing (meaning someone got coins at the listing—I don’t know who. Some sold, while others shared theirs with the buybackers).

And here I’ll start talking numbers. The buybackers are the wallets that bought coins off exchanges—they actually bought them. Look at the figure: almost 33 billion coins. The circulating supply is 22.8 billion. That’s quite something. So it looks like the circulating supply data is wrong—and I haven’t even counted the unlocks yet. It seems like it should be the other way around: 80% circulating, 20% locked.

The buybackers started collecting coins on 16.07, though in fact it was earlier. In the screenshot, you can see coins being exchanged between buybackers. There are 69 addresses in this cluster. First they bought on exchanges (Binance, by the way), then collected amounts of 10–15–30 thousand in wallets, and then transferred them to a new wallet. I’ll also add something about the outflow from exchanges: previously, I had an entity called “AKE buyers.” They’re actual buyers who trade different coins, and there are two of their wallets, each holding around a million dollars’ worth of AKE tokens. A few days ago, they moved coins to exchanges. If they’d sold them, the price would have crashed to rock bottom. So it’s possible the buybackers are the ones buying.

The buybackers last added coins to this cluster on September 19, a day before the massive pump. You do understand they didn’t buy them at such a high price for no reason, right?

There are only 459 unlock recipient addresses 😂 In reality, there are thousands.

What’s going on? Some unlock recipients receive huge amounts—hundreds of millions of coins. But there’s an even more interesting pattern: an unlock wallet (there were about 10 of them) sends coins to 50–60 new wallets, 5 million coins each. Those wallets then all send their coins to a single address, which then transfers the whole amount—200–220 million coins, or $2 million—to yet another new address. It feels like they’re covering their tracks to make this chain harder to piece together.

By the way, there’s an error on Arkham’s part in the earlier photo where the top holders are grouped together: the unlock recipients have 23 billion coins, while the entity itself has 33 billion. I don’t know why.

Almost all the wallets that received coins have $BNB for gas. If these were team wallets, or the coins were locked and couldn’t be sold, why would they need gas? So I think most of these coins are in circulation too. Whether they’ll sell or not is the question; so far, nobody is selling.

There’s only one unlock recipient there. They receive coins from a separate wallet and sell them immediately. It used to be worth a couple of thousand dollars, but this time they got lucky and sold for half a million. They’re usually the one pushing the price down. But it seems the buybackers and the recipients are in it together, while this seller has no idea what they’re planning.

Why did I mention gas? The buybackers have 30 billion, and the recipients have 30 billion—that’s 60 billion in total. So where do the claimed 22.8 billion in circulation come from? And Binance has 3 billion 😂 a measly 5%.

Brace yourselves for some shocking content.

The fool’s greed gave him away: a Siren whale sent BNB for gas to AKE buybackers 😂

How ridiculous. At first I actually thought I’d made a mistake. I grouped all the large holders together as Siren whales, but when I opened the address, it had the same pattern as Siren: buying on an exchange (by the way, both AKE and Siren were bought on Binance) and then transferring the coins to other wallets.

They got exposed over just $2—so stupid. People ask me why I spend so much time on these shitty coins. I’m going to build up quite a database here soon 😂 I hope 🙏🏼🤲🏼 (better safe than sorry 😂)

I’m going to show you something else interesting now.

One of the AKE buybackers somehow has HANA, and it’s unclear where it came from. They didn’t transfer it from an exchange; it was just there. Maybe these projects are connected, or they share a common “engine.” HANA hasn’t really taken off, so I need to take a look at what’s going on under the hood.

To sum up: AKE is poised to rise; the question is when. I’d do something similar to Beat: push the price down, then gradually pull it back up over a couple of months. You need buyers to sell that kind of volume, and there weren’t many before—and there still aren’t. The claim that 22.8 billion coins are circulating is nonsense when the buybackers alone have 30 billion. 90% of the coins are in a few hands, so it’s very easy to move the coin back and forth. If you see a rise, don’t short it—with resources like these, they could take it not just to the moon, but all the way to Neptune.

Maybe they won’t pump the coin during this unlock, and will instead buy from the seller. We don’t know who will receive the coins this time. By the way, new addresses receive coins with every unlock; the seller is the only constant.

Thanks for your attention. I spent a lot of time on this, but figured out why AKE is breaking the trend and what’s going on under the hood. Siren and Hana really surprised me.

I’ll take a look at HANA and LYN soon; maybe there’ll be something interesting.