The AKE dealer continues to transfer large amounts of tokens to Binance, causing the price to plummet for several consecutive days

According to Yu Jin, the AKE market maker has repeatedly transferred a large amount of AKE to Binance Alpha and sold it both on and off the market. Three days ago, approximately 1.22 million dollars, equivalent to 3.944 billion AKE, was transferred and sold, with the price dropping from 0.0005 dollars to 0.0003 dollars on that day, a decline of about 40%.

Within a few hours, the market maker transferred approximately 2.24 million dollars, equivalent to 9.825 billion AKE, to Binance Alpha again and continued to sell through on-chain addresses, causing the AKE price to further drop from 0.0003 dollars to 0.0002 dollars, a decline of about 33%.