What's going on with $AKE ?
AKE is up over 300% today. Looking at the details, futures volume has nearly hit $1B. Spot volume is also up but I wouldn't call it high at $6.94M. Still not bad for a token with a $16M market cap.
Long/Short ratio at 0.42, very low. As price keeps climbing more people are opening shorts but they can't do much beyond fueling the move higher.
$6.35M in liquidations in the last 24 hours, with 90% of that being short positions.
Open Interest is 3x below the peak from the April rally. I don't think it's at a particularly notable level yet.
No major onchain movement. Just one wallet accumulating, currently holding 2B tokens ($1.2M). But these aren't fresh buys, just transfers from other wallets into this one.
Market cap is very low and the game is being played through futures. A similar move happened on April 16th when price pumped to $0.001296 and then crashed back to $0.0004 the same day, unfortunately liquidating a lot of people.
AKE is up over 300% today. Looking at the details, futures volume has nearly hit $1B. Spot volume is also up but I wouldn't call it high at $6.94M. Still not bad for a token with a $16M market cap.
Long/Short ratio at 0.42, very low. As price keeps climbing more people are opening shorts but they can't do much beyond fueling the move higher.
$6.35M in liquidations in the last 24 hours, with 90% of that being short positions.
Open Interest is 3x below the peak from the April rally. I don't think it's at a particularly notable level yet.
No major onchain movement. Just one wallet accumulating, currently holding 2B tokens ($1.2M). But these aren't fresh buys, just transfers from other wallets into this one.
Market cap is very low and the game is being played through futures. A similar move happened on April 16th when price pumped to $0.001296 and then crashed back to $0.0004 the same day, unfortunately liquidating a lot of people.