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In the past 4 hours, $AKE on-chain saw large-scale batch distributions.
All 143 pages on arkm are filled with this kind of small-amount distributions.
Roughly, this involves about 2,284 addresses.
Per address: 2 million to 5 million tokens $AKE .
On average, each address is worth around 30+ million u—about 1.5 wu per address.
The “whale” suddenly spread out over more than 2,000 addresses, and they’re all small amounts.
This should be controlled accumulation—distributing holdings to prepare for rebalancing later for market-making.
(Because there are too many addresses, I didn’t check for duplicate addresses.) DYOR