AKE came under renewed selling pressure after on-chain analyst Ember reported that an AKE whale transferred another 9.825 billion AKE, worth about $2.24 million, to Binance Alpha over the past several hours and continued selling on-chain. The move pushed the token down another 33%, from $0.0003 to $0.0002. This follows a similar event three days earlier, when the same whale moved 3.944 billion AKE valued at roughly $1.22 million to Binance Alpha and sold, triggering a 40% daily decline from $0.0005 to $0.0003. The back-to-back transfers and sell-offs have intensified market attention on whether more tokens could be sent to exchanges and whether the current overhang will keep weighing on AKE’s secondary market price.
AKE Faces Another Round of Heavy Selling
According to BlockBeats on July 7, on-chain analyst Ember reported that an AKE whale transferred another $2.24 million worth of AKE to Binance Alpha over the past several hours. The latest transfer involved about 9.825 billion AKE, and on-chain selling was reported to be taking place at the same time, adding fresh pressure to the token.
Following the latest sell-off, AKE fell another 33%, dropping from $0.0003 to $0.0002. The move came after a similar event three days earlier, when the same whale transferred about 3.944 billion AKE, valued at roughly $1.22 million, to Binance Alpha and sold into the market. That earlier disposal pushed AKE down 40% in a single day, with the price falling from $0.0005 to $0.0003.
The sequence suggests that AKE has faced two large exchange-directed transfers in a short period, both accompanied by visible selling activity and sharp price declines. Market focus is now on whether the whale will continue moving additional AKE to Binance Alpha and how much longer the resulting sell pressure could weigh on secondary market trading.
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