Akedo (AKE) Surges 59% as Buyers Absorb the 2.11 Billion Token Unlock
Published October 23, 2026, 10:30 AM PKT. Based on CoinGecko market data and CoinGecko market chart data for October 21 to October 23, 2026 (primary sources), and BeInCrypto, HTX, Happy Coin News, CoinDCX and TokenPost reporting (secondary sources).
Akedo (AKE) has done the opposite of what the calendar said it should do. The AI gaming token jumped about 59% in 24 hours to about $0.035 on October 23, 2026, according to CoinGecko data, and topped CoinGecko's trending list, just two days after a scheduled unlock released 2.108 billion AKE into the hands of investors, early participants and community holders. The move is notable because the unlock, not a product launch or a partnership, was the story traders were watching: at roughly $62 million to $68 million depending on the price used, it was the largest single token unlock of the week, and the two previous monthly unlocks were followed by sharp pullbacks. This time the selling, if it came, was absorbed, and the price rebounded about 56% from its October 22 low near $0.0224 to reclaim a level that had capped every rebound since late September.
The 59 percent surge that swallowed the unlock
The numbers describe a round trip, not a straight line. CoinGecko's market chart shows AKE trading near $0.0363 on the morning of October 21, sliding to about $0.0224 by the morning of October 22, then climbing back to about $0.0350 by 04:50 UTC on October 23. Over 24 hours the token gained about 59%, according to CoinGecko's coin page, with about $47.3 million of trading volume and a circulating market value near $803 million. The 7 day change stood at about 14%, while the 30 day change remained negative at about 25%, a reminder that the surge repaired only part of a longer slide. TokenPost had already flagged AKE as the day's leading gainer on October 21, when it rose 13.59% to $0.0346, and noted it had also led an October 15 movers snapshot with a 22.82% gain. The token's largest trading venues by volume, according to CoinGecko tickers, were Gate at about $17.5 million and PancakeSwap V3 on BNB Chain at about $16.6 million, followed by KuCoin and Kraken, so the move was led by spot trading on those venues rather than a single exchange.
The 2.11 billion token unlock, in plain numbers
The unlock itself was large by any measure except one: it was only a fraction of what is still to come. On October 21, Akedo Games unlocked 2.108 billion AKE, about 2.1% of the token's fixed 100 billion total supply and about 9.25% of the roughly 22.8 billion AKE in circulation, according to Tokenomist data reported by HTX and Happy Coin News. CoinLaunch estimates cited in that coverage split the release into about 1.04 billion AKE for investors, about 642.6 million for the community, about 357.1 million for early participants and about 119 million for advisors. The reason the event drew attention is the pattern that preceded it: CoinDCX reported that spot prices fell as much as 22% within seven days of the August 21 unlock and retreated up to 46% within five days of the September 21 unlock. An unlock, as HTX noted, only removes restrictions on disposing of tokens; it does not force holders to sell. The October price action suggests many holders did not, or buyers were willing to meet whatever selling arrived. What has not changed is the schedule: programmatic emissions unlock on the 21st of every month through August 2029, according to CoinDCX, so the supply question returns monthly whether or not this round was absorbed cleanly.
What AKEDO actually does
Behind the ticker is a product with a specific pitch, and it explains why the token has an audience beyond speculators. AKEDO is a multi-agent AI framework built for autonomous content creation, according to CoinGecko's project description, which lets creators design games in about two minutes using simple natural language prompts. Users pay AKE to create and publish games on the platform, at $0.10 per prompt and $10 per published game, according to the project's whitepaper as reported by CoinDCX. Holders can also stake AKE to earn a share of platform fees: AKEDO sends 33% of fees to stakers and burns another 33%, permanently removing those tokens from supply, with the remaining third going to the platform as revenue. That fee and burn design is the project's answer to its own supply schedule, since only 22.8 billion of the 100 billion maximum supply circulates today, giving a fully diluted valuation roughly four times the circulating market value. Readers should weigh both sides of that arithmetic: the burn mechanism only offsets emissions if platform usage grows, and usage, not the unlock calendar alone, is what the next months will test.
The levels traders are watching next
The chart levels now frame the trade in unusually clean terms. BeInCrypto's October 20 analysis put the $0.029 to $0.037 zone as the band that had capped every rebound since late September, with the 0.236 Fibonacci level at $0.0321 inside it, and noted that an October 15 push to $0.037 had failed. AKE at about $0.035 has now cleared $0.0321 and sits just below that $0.037 ceiling, so a daily close above $0.037 would confirm a breakout from a month long range, while the early October low near $0.022 marks the level that held as a higher low. Below that, BeInCrypto flagged the 0.382 Fibonacci level at $0.0118, roughly 60% lower. On the upside, the all time high of $0.1467 set on September 20, 2026, according to CoinGecko, still sits about four times above the current price, so even after a 59% day the token remains about 76% below its peak. The honest summary is narrow: this was a strong bounce that absorbed a feared supply event, not evidence the supply overhang is gone. The next monthly unlock arrives November 21, and the $0.037 level will decide whether the range is broken or simply retested.
This article is news reporting and is not investment advice.
Sources
- CoinGecko, Akedo (AKE) price, market cap, volume and supply data, accessed October 23, 2026, primary source
- CoinGecko market chart data for AKE, October 21 to October 23, 2026, primary source
- BeInCrypto, Top 3 Altcoins to Watch in Third Week of October 2026 (October 20, 2026), secondary source
- HTX, Akedo Games and LayerZero Will Conduct Major Token Unlocks This Week (October 2026), secondary source
- CoinDCX, AKEDO (AKE) Jumps 20%: What Traders Need to Watch (October 16, 2026), secondary source
- TokenPost, Akedo Gains 13.59% as 66 of Top 90 Nonstablecoin Assets Rise (October 21, 2026), secondary source
MABOnChain Daily Brief
The key crypto and markets stories in one short, plain-language email. Free. Unsubscribe any time.
Prefer chat? Join us on Telegram Watch on YouTube
Keep reading
HSBC Launches RedCoin Stablecoin to 3.3 Million PayMe Users in Hong Kong
HSBC has begun a phased rollout of RedCoin, its Hong Kong dollar stablecoin, to more than 3.3 million PayMe users in Hong Kong from Friday, October 23, 2026, with payments to 100,000 merchants and person-to-person transfers at launch. RedCoin is pegged one-to-one to the Hong Kong dollar and backed by segregated, high-quality liquid assets, and HSBC expects every PayMe user to have access before the weekend. A stablecoin wallet in the HSBC Hong Kong mobile banking app will follow later in 2026, letting users subscribe to tokenized investment products, including the HSBC Hong Kong Dollar Money Market Fund, from HK$100. The launch follows an HKMA stablecoin issuer licence granted in April 2026 and a pilot with nearly 100 employees.
a16z Drops the Crypto Label, Rebrands Its Crypto Fund as a16z Frontier for AI and Robotics
Andreessen Horowitz said on October 22, 2026 that it is renaming its crypto investment arm, a16z Crypto, to a16z Frontier and expanding its mandate beyond crypto startups to frontier startups building new technologies and markets that may take years to develop, including artificial intelligence, robotics and networks connecting people and machines. General partner Chris Dixon said the move is an expansion, not a retreat, and that the firm will continue to invest in crypto and related ventures and advocate for sensible crypto regulation. The renamed unit has raised nearly $10 billion across five funds since launching in 2018, backed Coinbase, Solana and Uniswap, and its latest fund, announced in May 2026, raised $2.2 billion.
Robinhood Wins Dubai DFSA License, Plans 2027 Middle East Launch From DIFC Hub
Robinhood Markets said on October 22, 2026 that it has received authorization from the Dubai Financial Services Authority to introduce its retail investing platform in the Middle East from the Dubai International Financial Centre, where it will base its Middle East and North Africa regional headquarters. The authorization covers trading and custody across all 10 DFSA-approved asset classes, including equities, crypto, exchange-traded funds and investment tokens, and Robinhood plans to launch its product suite in 2027. Salah Kaddoura, senior executive officer and president of Robinhood MENA, will lead the local team, and the move extends a 2026 expansion run that already took in Singapore and Canada.
Coinkite Sued Over Coldcard Flaw Linked to $140M in Bitcoin Theft, With Claim Founders Knew Since May 2025
A proposed class action filed September 11, 2026 in Ontario Superior Court of Justice accuses Toronto hardware wallet maker Coinkite and co-founders Rodolfo Novak and Peter D. Gray of selling Coldcard wallets whose March 2021 firmware generated predictable recovery phrases, allegedly exposing users to thefts now estimated past $140 million in bitcoin. Plaintiff Amir Reza Naderi, who says he lost 1.22940052 BTC on August 6, 2026, alleges the founders knew of the flaw since May 2025 and failed to warn customers directly. Coinkite disputes that account, saying it was unaware of the bug until July 30, 2026, and says it will publish a full postmortem within days. The allegations have not been established in court.
NEAR Jumps 7% as Business Launch Targets Private Crypto Treasuries
NEAR rose about 7% to $5.31 on October 21, 2026, a day after NEAR Protocol launched NEAR Business, a private treasury platform that lets teams pay staff and vendors, swap assets and allocate capital across more than 35 blockchains while keeping payroll and treasury balances confidential from the market but legible to auditors, according to NEAR and Stocktwits reporting. The move also landed as a House of Stake vote opened on cutting annual issuance from 2.5% to 1.6% over 24 months, and as NEAR Intents passed $32 billion in cumulative volume in the third quarter of 2026.
Solana Alpenglow Goes Live on Mainnet in Biggest Consensus Switch Since Launch
Solana has activated Alpenglow, its first major consensus upgrade, on mainnet on October 21, 2026, replacing the TowerBFT voting system it has used since launch with a new protocol called Votor that targets transaction finality in about 150 milliseconds, down from roughly 12.8 seconds. CryptoBreaking, citing the Solana Foundation Alpenglow dashboard, put activation at about 1:54 pm UTC, in epoch 1064, while the dashboard reading at press time showed finality of about 6.6 seconds and throughput of about 4,721 transactions per second, a reminder that the 150 millisecond figure is a target to converge toward, not an instant day one measurement. The second Alpenglow phase, Rotor, which would replace the Turbine block propagation system, does not activate with Votor and remains unscheduled.
Standard Chartered Signs Definitive Deal to Take Full Ownership of Zodia Custody
Standard Chartered has signed definitive agreements to acquire 100% of Zodia Custody, the institutional digital asset custodian it helped create, turning a takeover first agreed in principle in May into a binding deal. Standard Chartered I H Limited will acquire 100% of Zodia Custody UK Limited, the parent of Zodia's regulated operating entities in Singapore, Hong Kong, Australia, the United Arab Emirates and Luxembourg, subject to regulatory approvals and customary closing conditions, with financial terms undisclosed. After completion, Zodia's custody business joins the bank's Securities Services division, while its software and professional services assets move to Zodia Solutions, a new independent entity under SC Ventures backed by bank investors including Northern Trust, NAB Ventures, SBI Ventures and Emirates NBD.
OCC Finalizes First GENIUS Act Stablecoin Rule, Sets January 18, 2027 Start Date
The U.S. Office of the Comptroller of the Currency has issued the first final rule implementing the GENIUS Act, setting reserve, redemption and capital standards for payment stablecoin issuers under its jurisdiction, effective January 18, 2027. Issuers must hold reserves at least equal to their outstanding stablecoins and generally redeem within two business days, while the agency dropped a proposed presumption that affiliate rewards deals violate the law's yield ban, leaving existing rewards programs to case-by-case review. The rule covers national banks, federal savings associations, federal branches and nonbank firms seeking federal qualified issuer status, with a $5 million capital floor, while anti-money-laundering rules will follow in separate rulemaking with the Treasury.
Aave Backs Tokenized SpaceX Shares as Collateral With Strict Guardrails Ahead of 2.43 Billion Share Unlock
Aave risk adviser LlamaRisk has backed listing tokenized SpaceX shares, trading as SPCXc, as collateral on Aave V4's Equities Hub on Base, but only under the hub's toughest terms: a 55% collateral factor, a 6.5% maximum liquidation bonus, a 1,000 basis point risk premium and a 37,000 token supply cap worth about $5.8 million. The caution reflects SpaceX's four months of public trading history and a lock-up calendar that releases 2.43 billion shares, 84% of the current float, between October 26 and December 8, 2026. SPCXc would be collateral-only, with USDC the only borrowable asset, and larger liquidations would depend on redemptions or derivatives hedges because onchain depth is thin.
Drift Exploiter Sends Another $46M in ETH to Tornado Cash, Two-Day Total Hits $109M
Wallets linked to the April 2026 Drift Protocol exploit sent about 18,800 ETH, worth roughly $46 million, into Tornado Cash on October 21, 2026, according to blockchain tracker Onchain Lens, taking the two-day total to 44,510 ETH, worth about $109 million. The move follows the roughly $61 million first tranche on October 20 that MABOnChain reported, and Arkham Intelligence labeled wallets still held about 56,569 ETH, worth roughly $138 million, after the latest deposits. Drift has attributed the April attack, which cost about $295 million, to a North Korean threat group, and victims are claiming through a DFX recovery token scheme that started with a pool of about $3.1 million.
France Proposes MiCA Rules to Hold Crypto Platforms Liable for DeFi Access Failures
France's Treasury, AMF, Banque de France and ACPR published a joint response on October 21, 2026 to the European Commission's MiCA review consultation, proposing that crypto platforms which actively connect customers to DeFi protocols should face liability for certain client losses when they fail to vet protocols or ignore known risks. The proposal would also move supervision of significant crypto firms to ESMA, lower the 15 million daily active user threshold for significant status, and rework MiCA's stablecoin categories after zero asset-referenced tokens were authorized. The Commission's report to EU lawmakers is due by June 30, 2027.
UK High Court Lets 16,000 Victims Appeal Ruling on 61,000 Seized Bitcoin in Qian Zhimin Case
The UK High Court has granted about 16,000 Chinese fraud victims permission to appeal its October 12, 2026 ruling that Chinese law governs property claims over more than 61,000 Bitcoin seized in the Qian Zhimin money laundering case, according to PANews reporting on October 21 that cited Caixin. The appeal keeps alive the victims' bid to claim a share of a stash worth about 3.8 billion pounds, after the original ruling said their claims must be tested under Chinese law rather than English property law. Lawyers at the follow-up hearing also discussed litigation costs from the earlier dispute and how individual applicants can continue or withdraw their claims.
Ether ETFs Pass $1.08B in October Outflows, Biggest Monthly Drain of 2026
U.S. spot Ether ETFs have shed $1.08 billion so far in October 2026, the biggest monthly outflow of the year and the largest since November 2025, after Tuesday added $26 million to the drain, according to SoSoValue data reported by Cointelegraph. The withdrawals have erased September's $832 million in net inflows and left year to date net inflows at about $485 million, while Ether has fallen 9.7% in October to $2,438. Bitcoin funds moved the other way at the start of the week, pulling in $527 million on Monday before adding $23 million on Tuesday.
Fake Ngrave Security Alerts Drain $2.56M From 70 Wallets
Belgian hardware wallet maker NGRAVE disclosed on October 19, 2026 that attackers hijacked a third party push notification provider for its LIQUID companion app and sent fake security alerts to users on October 17, tricking them into entering recovery phrases on a counterfeit website and draining about $2.56 million from 70 wallets across four blockchains. Bitcoin accounted for $1.77 million of the losses, followed by $454,000 in XRP, $316,000 in Ethereum based assets and $18,000 in Stellar. NGRAVE says its ZERO hardware wallets were never compromised, and its chief executive admitted the company had absolutely and utterly failed in its most basic security duty.
Zcash Jumps 10% as NU7 Locks In Mainnet Activation for 25-Second Blocks
Zcash jumped about 10% on October 21, 2026, trading near $1,260, after developers set the mainnet activation height for NU7, the network upgrade that cuts Zcash block times from 75 seconds to 25 seconds. The activation height is the block number at which every node switches to the new rules, and NU7 pairs the threefold speedup with a Network Sustainability Mechanism that routes 60% of each block's transaction fees into a reserve paid back out over time. ZEC has gained roughly 45% in the past week and about 138% over 30 days, pushing its market capitalization back above $20 billion for the first time since 2016.
Qubic Restarts Blockchain and Opens Recovery Claims After $1.4M Wallet-Seed Hack
Qubic has restarted its blockchain and opened a recovery-claims platform after a wallet-seed vulnerability drained about $1.4 million in QU tokens from 1,404 accounts, the project said in its latest update. The network resumed processing ticks at 8:00 pm on October 19, advancing past tick 85,371,949 where it was halted on Sunday, October 18, after the project’s Computor validators approved a recovery plan and the first batch of recovered funds was returned to verified owners. Qubic says 87.1% of the stolen tokens stayed immobilized on the paused network while 12.9% went to MEXC, which froze the receiving account, and it warns that any wallet created with its web wallet before version 4.26.4, released October 19, should be treated as insecure. Affected users have until May 1, 2027 to submit claims through the project’s sole official reclaim site.
CME Logs First Trades in Bitcoin Cash and Uniswap Futures With FalconX-GSR Debut Block Trade
CME Group confirmed on October 20, 2026 that FalconX and GSR executed the first block trade in its new Bitcoin Cash and Uniswap futures, with trading now underway on the world's largest derivatives venue. The launch extends CME's single-asset crypto futures lineup to 11 tokens and makes UNI the first DeFi protocol token with standalone CME futures, in standard 10,000-UNI and micro 1,000-UNI sizes trading 24 hours a day. CME's crypto futures and options business has averaged more than 242,000 contracts a day in 2026, about $7.9 billion in notional value, with its five earlier altcoin futures this year adding nearly $2 billion in year-to-date notional.
SkyAI Sells Entire Solana Treasury, Launches $201.3M Tender Offer
SkyAI, the Nasdaq-listed company formerly known as Sharps Technology, has sold its entire Solana treasury and launched a $201.3 million cash tender offer to repurchase up to 95% of its shares and warrants, according to an October 19, 2026 SEC filing. The company held $223.8 million in cash and zero SOL as of October 16, reversing a strategy that at its peak held more than 2 million SOL bought for over $400 million. The $3-per-share offer expires October 29, but major shareholder Bastion Trading, with about 9.99% of the stock, is refusing to participate and wants at least $3.50 plus an independent review of the SOL sales.
Ireland Moves Another 500 BTC From Clifton Collins' Seized Wallets to Coinbase Prime
A wallet linked to convicted Irish drug trafficker Clifton Collins moved 500 BTC, worth about $41.5 million, to Coinbase Prime on October 20, 2026, the fifth 500-BTC tranche recovered from his long-thought-lost Bitcoin fortune this year. Blockchain intelligence firm Arkham Intelligence flagged the transfer; about 2,500 BTC have now moved from the wallets in 2026, while roughly 3,500 BTC worth about $290 million remain. Collins bought about 6,000 BTC in 2011 and 2012 at roughly $5 each, printed the private keys on paper and hid them in a fishing rod case, and lost access in 2017. Ireland's Criminal Assets Bureau, with help from Europol's European Cybercrime Centre, began opening the wallets in March 2026.
Stablecoin Transfers Quadruple to $891B in Q3 as U.S. Banks Test the Rails, Coinbase Study Finds
Research conducted for Coinbase by The Block Pro Research found that adjusted stablecoin transfer volume hit $891 billion in the third quarter of 2026, more than four times the level of early 2023, with over $400 million moving per hour and 73% of volume settling outside U.S. banking hours. The study, titled The Always-On Dollar, says seven of the ten largest U.S. banks have tested stablecoins or tokenized deposits for settlement, with the remaining three announcing plans to do so, while 293 million blockchain addresses now hold stablecoins, more than the combined card bases of American Express and Discover.
ZachXBT Says 87% of FreedomXMR Inflows on Hyperliquid Are Illicit Funds
Blockchain investigator ZachXBT said on October 20, 2026 that more than 87% of the funds flowing into FreedomXMR, a centralized exchange service on Hyperliquid Core, are tied to illicit activity, according to reporting by crypto.news and PANews based on his published investigation. ZachXBT traced more than $20 million in inflows above a $10,000 review threshold to ransomware payments, cryptocurrency exploits, malware and social engineering attacks, including the September 2026 incidents at DCENT Wallet, Fetch.ai and Axelar, plus an October exploit on the Gamdom gambling platform. He also alleged the service's operator sourced Monero liquidity through KuCoin, identifying more than 3,000 deposits from associated addresses.