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🚨 $AKE is now completely behaving like $LAB and $RAVE
The move from $0.00015 to current levels in just a few days has been explosive, and it's starting to remind us of what we saw with RAVE and LAB.
Do not rush into a trade though. Wait for exhaustion to show up before looking for a short position.
This isn't the first time AKE has gone vertical. It has already completed one major pump and dump cycle, and now it's making another aggressive run.
Also buyers are still stepping in after every dip, so the trend remains strong for now. Even so, after a move like this, a pullback wouldn't be surprising.
The area I'm watching closely is $0.0019 –$0.0022. A convincing break above it could open the door to $0.004 - $0.005. But if price keeps failing there and slips below $0.0014–$0.0016, I think a deeper retracement toward $0.0012 becomes much more likely.
Elon Musk is rapidly losing his wealth and is no longer a trillionaire 💔
After the sharp selloff in SpaceX shares, his estimated net worth has dropped to around $797 billion, according to Forbes' real-time estimates.
His wealth is still largely tied to SpaceX ( $SPCXB ), Tesla ( $TSLAB ), xAI, Neuralink and The Boring Company. Even after losing more than $500 billion from his peak, Musk remains the world's richest person.
🚨 Hot: $TRUMP Media is considering charging traders and investors upto $100,000 per month for faster access to President Trump's Truth Social posts. $SPCXB $NVDAB
🚨 Shocking: Elon Musk has lost over $500 billion in just seven days
The sharp sell off in SpaceX ( $SPCXB ) has pushed Musk below the trillionaire mark, erasing more than $500 billion from his peak net worth in a week.
The decline comes as $SPCX has fallen sharply from its post IPO highs, wiping more than $1 trillion off SpaceX's market value and slashing the value of Musk's stake.