AKE Token Crashes 60% Weekly as Market Maker Unloads $3.46M in Two Days

Woofun AI reports that AKE token volatility was driven by a market maker executing two massive on-chain sell-offs, with analyst EmberCN identifying the key actors behind the crash. The immediate price collapse stems from deliberate large-scale transfers rather than organic market sentiment shifts.

The most recent liquidation involved 9.825 billion AKE tokens, valued at approximately $2.24 million, which were moved through Binance Alpha and direct on-chain transactions. This single event triggered a 33% price drop, pushing the asset from $0.0003 to $0.0002. The speed of execution indicates a coordinated effort to offload positions before further market reaction.

This action follows a similar pattern established just three days prior, when 3.944 billion AKE tokens worth around $1.22 million were transferred to Binance Alpha. That earlier sale caused a 40% price decline, moving the token from $0.0005 to $0.0003. The recurrence of these significant transfers suggests a systematic reduction in the market maker’s position.

Woofun AI data shows the cumulative weekly performance reflects severe selling pressure, with the token losing over 60% of its value in the past week alone. The price trajectory moved from $0.0005 to the current $0.0002 level, driven by rapid execution of sales shortly after tokens arrived on the exchange. Each transfer to Binance Alpha resulted in immediate downward price action.

Market participants are now closely monitoring the wallet address associated with the market maker for any further movements. The lack of public communication from the project team has heightened uncertainty among retail investors, who face significant risk from the concentration of tokens held by a single entity. With the market maker holding a substantial position, the potential for additional sell-offs remains a critical threat to AKE holders for AKE investors.