Market maker AKE withdraws 216 million tokens from Binance Alpha after 115% rally
- —216 million AKE worth $13.83 million withdrawn from Binance Alpha
- —Group wallets hold 12.4 billion AKE — over 54% of circulating supply
- —AKE rose 115% before the token withdrawal
- —AKE and B2 are likely linked to the same market maker
Why it matters: The concentration of more than half of AKE's circulating supply in linked wallets raises the risk of price manipulation and sharp sell-offs for holders.
Source: PANews