$62M UNLOCKED — WHY IS $AKE UP 33% INSTEAD?
$AKE unlocked around $62M worth of tokens two days ago roughly 9% of its circulating supply.
The last two unlocks were followed by drops of 22% and 49% over the next week.
This time, price dipped to around $0.021 before bouncing straight back to $0.031, up 33% on the day.
But here’s the catch: futures volume is roughly 93x spot volume.
That means leverage is dominating activity. The bounce looks strong, but it doesn’t necessarily mean genuine spot demand is driving it.
With the unlock fresh and leverage this high, I’m watching whether buyers can sustain the move or if volatility hits again.
Strong bounce, heavy leverage. ake still has something to prove.
#AKE
$AKE unlocked around $62M worth of tokens two days ago roughly 9% of its circulating supply.
The last two unlocks were followed by drops of 22% and 49% over the next week.
This time, price dipped to around $0.021 before bouncing straight back to $0.031, up 33% on the day.
But here’s the catch: futures volume is roughly 93x spot volume.
That means leverage is dominating activity. The bounce looks strong, but it doesn’t necessarily mean genuine spot demand is driving it.
With the unlock fresh and leverage this high, I’m watching whether buyers can sustain the move or if volatility hits again.
Strong bounce, heavy leverage. ake still has something to prove.
#AKE