Yu Jin said an AKE market maker sold roughly $2.24 million of tokens on and off Binance Alpha, following a similar disposal three days earlier that also hit the price.
AKE fell 33% from $0.0003 to $0.0002 after an AKE market maker transferred and sold about 9.825 billion tokens worth roughly $2.24 million through Binance Alpha and off-exchange, Yu Jin said. The move followed a similar sale three days earlier, when about 3.944 billion AKE worth roughly $1.22 million was sold, helping push the token from $0.0005 to $0.0003. Repeated large disposals by a market maker can intensify sell pressure, particularly in a token with limited liquidity.