AKE is now at 0.0004 u. This price is exactly the same as when it was first issued—meaning it has rebounded from the low point.

Why is it up? Two reasons are stacking together.
The Telegram gaming sector has been very hot recently. AKE is offering games directly inside Telegram to earn tokens. The narrative hit the mark, and money followed in.
Also, this coin’s market cap is only a few million USD, so the float is extremely small. Once even a little money comes in, the price can move a lot.
But there’s a fatal problem: the total supply is 100 billion tokens, and only a little over 20% is in circulation—the rest is still locked. Early investors’ unlocks have already started. These investors have extremely low costs and can sell at any time.
If it’s rallying this hard but the volume is not large, it’s likely being pumped by short-term sentiment traders who can exit at any time.
Be careful about chasing. With a small-cap coin, selling pressure can come fast—look for opportunities to short, and you can make money.#AKE $AKE