1. Short-term selling pressure risk (high) • On July 21, about 2.16% of the total supply will be unlocked; based on the current market cap, about $4.07 million • This amount is equivalent to 8.8% of the current market cap; if market absorption is insufficient, it may trigger significant selling pressure • Investors and early contributors unlocking portions of this release (73% of this unlock) are more likely to sell for cash-out.

2. High concentration of token holders risk (mid-high) • Circulating supply is only 22.8%, while 77.2% of the tokens are still pending unlock • FDV is 4.4 times the market cap, posing a serious overvaluation risk • Approximately 2.16B AKE (over $4 million) will continue to unlock every month through 2027.