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Crypto

AKE market maker wallet pulls 216M tokens from Binance Alpha after 115% spike

A wallet suspected of being AKE’s active market maker withdrew 216 million AKE, worth $13.83 million, from Binance Alpha four hours after the token spiked 115%, on-chain analyst Yu Jin monitored. The wallet group now holds at least 12.4 billion AKE on-chain, valued at $803 million, or more than 54% of circulating supply. AKE and B2, which rose yesterday, appear to be run by the same active market maker.

Original source

AI take

The concentration is the story: a single suspected market-maker group now controls more than half of AKE's circulating supply on-chain, a structure that magnifies both liquidity provision and exit risk. Withdrawal timing, four hours after a sharp spike, is the kind of move worth tracking for whether it signals inventory rotation or distribution. The apparent shared operator with B2 raises a broader question of whether this is one desk running correlated tokens, and whether that overlap persists is the open question.

Generated by AI for reference only.

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