On-chain analyst Ember reported that an AKE whale has continued offloading tokens through Binance Alpha, adding fresh selling pressure to the market. In the past few hours, the address transferred 9.825 billion AKE, worth about $2.24 million at the time, and sold the tokens on-chain. Following the move, AKE fell another 33%, sliding from $0.0003 to $0.0002.
This comes just three days after the same whale transferred 3.944 billion AKE, valued at roughly $1.22 million, to Binance Alpha for selling. That earlier transaction triggered a 40% single-day drop, with the token declining from $0.0005 to $0.0003. The two consecutive sell-offs suggest sustained distribution from the same large holder and continued short-term pressure on AKE price action.
AKE whale sends another large batch of tokens to Binance Alpha
According to on-chain analyst Ember, an AKE whale continued to move tokens to Binance Alpha and sell them in the past few hours. The latest transfer involved 9.825 billion AKE, valued at around $2.24 million at the time of the transaction. After the tokens were sold on-chain, AKE extended its losses for the day, falling from $0.0003 to $0.0002, a decline of about 33%.
Similar sell-off three days earlier caused a 40% drop
Ember had previously reported that the same whale transferred 3.944 billion AKE to Binance Alpha three days ago for selling. Based on the market price at that time, the tokens were worth about $1.22 million. That earlier wave of selling pushed AKE down from $0.0005 to $0.0003 within the same day, marking a 40% decline.
The timeline shows that AKE has now faced two sizable sell-offs within just three days, and both transactions were directed to Binance Alpha. Compared with the earlier transfer of 3.944 billion AKE, the latest sale was significantly larger at 9.825 billion AKE. The repeated distribution from the same large holder indicates persistent supply entering the market and clear short-term pressure on AKE trading.
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