AKE Withdraws 216 Million Coins from Binance Alpha, Worth $13.83 Million

Following a short-term 115% price surge, on-chain analysts have observed the withdrawal of 216 million AKE tokens from what is suspected to be a market maker wallet. The withdrawn amount is valued at $13.83 million (approximately 192 billion won). PANews reported on October 20 that on-chain analyst Yujin monitored this activity, noting the wallet withdrew AKE from Binance Alpha. However, it has not been confirmed whether the wallet is operated by a market maker. According to Yujin's analysis, the associated wallet group holds at least 12.4 billion AKE tokens on-chain, valued at $83 million (approximately 1.114 trillion won), representing over 54% of the circulating supply. The possibility that the same active market maker also managed yesterday's price increase in B2 was also raised.