Many followers have been asking about the reasons behind the major collapse of $AKE. After reviewing supply data, unlocks, and contract activity, here are the key factors that explain what happened:
🔴 1- Unlocking massive quantities of tokens:
On October 21, 2026, approximately 2.108 billion AKE were unlocked, increasing the number of tokens available for trading and raising the likelihood of selling pressure.
🔴 2- Transfers from wallets linked to the project:
Transfers from wallets linked to the contract deployment address to other addresses, including liquidity addresses, have been detected. However, there is no conclusive evidence that the project team sold these coins or abandoned the project.
🔴 3- Futures market collapse:
Open interest fell from around $19.8 million to $9.9 million, while negative funding rates and liquidations of long positions emerged, helping accelerate the decline.
🔴 4- Weak demand and liquidity:
Buying pressure was unable to absorb the selling pressure, turning the correction into a sharp price collapse.
⚠️ Has the AKEDO team officially announced the reason for the collapse?
As of November 2, 2026, I have not found an official statement explaining the direct cause of this collapse, nor has verified evidence emerged proving that the project team sold its holdings.
📌 Technical and fundamental takeaway:
Most likely, this resulted from a combination of token unlocks, selling pressure, weak liquidity, and liquidations in the futures market.
A price drop alone cannot be considered a buying opportunity, especially while supply-related risks persist.
🎯 Question for discussion:
Do you think $AKE can regain investors’ trust and return to an upward trend, or does the coin need fundamental changes to the project and its token distribution?
I’d like to hear your analyses and opinions.
✍️ The Financial Maestro | Cryptocurrency Market Analysis and Tracking