$AKE just had a ~$62M token unlock 2 days ago, around 9% of its circulating supply.
The last 2 unlocks were followed by drops of 22% and 49% within a week.
This time, it dipped to ~$0.021, then bounced hard to ~$0.031. Up 33% on the day.
But here’s what stands out: futures volume is roughly 93x spot volume. That’s a lot of leverage behind this move.
No whale activity detected on-chain so far, but AKE is definitely worth watching.
Do you think this bounce has real strength behind it, or is it a leveraged rally that could get wiped out just as fast? 👀
Bullish or bearish on AKE from here? 👇
NFA.
The last 2 unlocks were followed by drops of 22% and 49% within a week.
This time, it dipped to ~$0.021, then bounced hard to ~$0.031. Up 33% on the day.
But here’s what stands out: futures volume is roughly 93x spot volume. That’s a lot of leverage behind this move.
No whale activity detected on-chain so far, but AKE is definitely worth watching.
Do you think this bounce has real strength behind it, or is it a leveraged rally that could get wiped out just as fast? 👀
Bullish or bearish on AKE from here? 👇
NFA.