AKE market maker continues to transfer massive amounts of tokens to Binance, causing the coin price to plummet for days

CoinFeed July 7 news, according to Yu Ember, the AKE market maker has repeatedly transferred large amounts of AKE to Binance Alpha and sold them on and off the market. Three days ago, about $1.22 million, equivalent to 3.944 billion AKE, was transferred and sold, causing the price to drop from $0.0005 to $0.0003 that day, a drop of about 40%. Within a few hours today, the market maker again transferred about $2.24 million, equivalent to 9.825 billion AKE, to Binance Alpha, and continued selling through on-chain addresses, causing the AKE price to further drop from $0.0003 to $0.0002, a drop of about 33%.