$AKE IS ABSOLUTELY CRAZY 😅
You really need to look at what this token has been doing.
Between mid-July and mid-August,
$AKE went through an almost 45x squeeze. Then, instead of continuing to explode or completely crashing, it traded almost flat for several weeks around a $1 billion FDV.
And that was already pretty interesting.
After such a move, the fact that the token didn’t die and managed to hold relatively well suggested that the available supply might be getting tighter, leaving room for another aggressive move higher.
And that’s exactly what happened.
In early September, another 4x squeeze.
Around $20 million in long positions were liquidated that day. The move then mostly retraced before
#AKE once again started trading almost flat.
And this is where things get even crazier.
After such a move, the token could have completely collapsed. But nope. It held again.
And once again, that was followed by another massive acceleration.
Right now, AKE is trading around a $6 billion FDV after doing roughly 3x in a single day. 🤯
Bref, this token is extremely volatile and definitely not something to take lightly.
After three moves like this, personally, I’d rather watch very closely than chase the candle. 😅
Be very careful with
#AKE #trading