CoinEx News: AKE traded near $0.00074 on July 16 after rising roughly 290% in 24 hours,with its market cap near $17 million and fully diluted value near $75 million. The move coincided with a tracker-flagged $3.37 million AKE long on Aster; Aster data showed about $10.4 million of open interest, $24.7 million in 24-hour contract turnover and positive hourly funding, meaning leveraged longs were paying shorts.

With only about 23% of supply circulating and price already below the $0.00089 intraday high, AKE looks like a concentrated derivatives-led squeeze rather than proof that broad crypto risk appetite has returned.