In the post below we talked at length about accumulation in multiple$AKE wallets.
The area marked "timestamp" in the image shows when we first started talking about it. Today we can clearly see the price has surged sharply since then.
There's a clear and obvious reason for this: Manipulation.
Large amounts of tokens are being distributed from exchange wallets to multiple fresh wallets. Most of these are actually connected to a single control center but because the distribution is spread across dozens of wallets tracking it becomes very difficult. That's exactly the intention.
Amounts leaving hot wallets are being accumulated in passive wallets. The goal is clear: minimize the sellable and effective circulating supply.
This opens up room for manipulation and allows them to move the price however they want.
Doing a detailed analysis on $AKE right now is both difficult and pointless. L/S ratio is negative on both overall and top trader basis. Funding rate continues negative.
This time both small fish and whales are getting baited.
On the onchain side, similar to the transactions in the previous post, 154M AKE left a Binance wallet to a fresh wallet. At the same time 230M AKE was sent to Gate exchange.
Bottom line, a sharp drop is very likely. But predicting where the top is remains difficult.
The area marked "timestamp" in the image shows when we first started talking about it. Today we can clearly see the price has surged sharply since then.
There's a clear and obvious reason for this: Manipulation.
Large amounts of tokens are being distributed from exchange wallets to multiple fresh wallets. Most of these are actually connected to a single control center but because the distribution is spread across dozens of wallets tracking it becomes very difficult. That's exactly the intention.
Amounts leaving hot wallets are being accumulated in passive wallets. The goal is clear: minimize the sellable and effective circulating supply.
This opens up room for manipulation and allows them to move the price however they want.
Doing a detailed analysis on $AKE right now is both difficult and pointless. L/S ratio is negative on both overall and top trader basis. Funding rate continues negative.
This time both small fish and whales are getting baited.
On the onchain side, similar to the transactions in the previous post, 154M AKE left a Binance wallet to a fresh wallet. At the same time 230M AKE was sent to Gate exchange.
Bottom line, a sharp drop is very likely. But predicting where the top is remains difficult.