Guys, a $63 million unlock hit the market, and AKE lost 37% in a day.
Here’s what happened: yesterday, 10-21, was AKE’s unlock day. 2.11 billion tokens—worth over $60 million at once, or about 9% of its market cap.
Seventy percent went to investors and early contributors (bitrue). This wasn’t a surprise dump; it was all out in the open. Tokens were handed to the people most eager to sell.
On 10-21, AKE peaked at 0.0377, then plunged to a low of 0.021 today. That’s -37% in 24 hours, with $115.7 million in trading volume (fapi, this morning).
It was the same story last month on 9-21: five days after the unlock, the price had fallen 46%. Same recipe, no changes.
First, here’s what the bulls are saying.
The dip-buyers say it’s already down 37%, so it’s way oversold and due for a bounce. Plus, AKE’s AI gaming project is still going.
To be fair, that sounds like a reasonable argument, but the numbers don’t lie.
The total supply is 100 billion, but only 22.8 billion are currently circulating—just 22.8%. The remaining 77% is still being unlocked monthly, and yesterday was just one of those unlocks (CMC).
The top 100 wallets hold 98.82% of the circulating supply. This isn’t an unlock; it’s a monthly paycheck for whales.
0.022 was the support floor in early October, and it broke today. CryptoRank warned about this three days ago: if 0.022 breaks, the next Fibonacci 0.382 level is 0.0118—another 60% lower.
Funding rates are basically zero, which shows this isn’t a short squeeze. Spot holders are actually selling. Brutal, but clean.
Unlocks are an open secret, written into the code. You can’t blame market makers for being shady; you can only blame yourself for not checking the calendar.
With the price below 0.022, I can’t bring myself to buy the dip. Even catching a falling knife means waiting for it to stop bleeding first.
What would make me admit I’m wrong? Reclaiming 0.022 and holding above it would show that the sell-off had been absorbed.
Pick one: will AKE reclaim 0.022 and stop the bleeding, or keep heading for 0.0118? I’m betting on the latter. What about you?
$AKE $BTC $ETH
#解锁 #Altcoins
Here’s what happened: yesterday, 10-21, was AKE’s unlock day. 2.11 billion tokens—worth over $60 million at once, or about 9% of its market cap.
Seventy percent went to investors and early contributors (bitrue). This wasn’t a surprise dump; it was all out in the open. Tokens were handed to the people most eager to sell.
On 10-21, AKE peaked at 0.0377, then plunged to a low of 0.021 today. That’s -37% in 24 hours, with $115.7 million in trading volume (fapi, this morning).
It was the same story last month on 9-21: five days after the unlock, the price had fallen 46%. Same recipe, no changes.
First, here’s what the bulls are saying.
The dip-buyers say it’s already down 37%, so it’s way oversold and due for a bounce. Plus, AKE’s AI gaming project is still going.
To be fair, that sounds like a reasonable argument, but the numbers don’t lie.
The total supply is 100 billion, but only 22.8 billion are currently circulating—just 22.8%. The remaining 77% is still being unlocked monthly, and yesterday was just one of those unlocks (CMC).
The top 100 wallets hold 98.82% of the circulating supply. This isn’t an unlock; it’s a monthly paycheck for whales.
0.022 was the support floor in early October, and it broke today. CryptoRank warned about this three days ago: if 0.022 breaks, the next Fibonacci 0.382 level is 0.0118—another 60% lower.
Funding rates are basically zero, which shows this isn’t a short squeeze. Spot holders are actually selling. Brutal, but clean.
Unlocks are an open secret, written into the code. You can’t blame market makers for being shady; you can only blame yourself for not checking the calendar.
With the price below 0.022, I can’t bring myself to buy the dip. Even catching a falling knife means waiting for it to stop bleeding first.
What would make me admit I’m wrong? Reclaiming 0.022 and holding above it would show that the sell-off had been absorbed.
Pick one: will AKE reclaim 0.022 and stop the bleeding, or keep heading for 0.0118? I’m betting on the latter. What about you?
$AKE $BTC $ETH
#解锁 #Altcoins