$AKE Fee rate +0.0836% Longs are still paying protection fees to shorts, but look at this trend—several candles in a row dropping directly from 0.000558 to 0.0003727, a decline of 33 points 💸

The key is that earlier, although there was a rebound to 0.0004292, the previous candle closed and pulled back to 0.0004105, with volume halving from 2.4B to 548.0M, a 77% decrease. In other words, the dog whales' cost basis from 0.000558 down to 0.0004 is ridiculously high—how much protection fee are they actually paying?

Look, the price dropped 24 points in 24 hours but the fee rate is still positive, a typical pattern of volume surging to push the price down and then volume shrinking, causing stagnation. The little sister is watching around 0.00041—if it continues to shrink and breaks below 0.00038, that means the dog whales are done collecting protection fees and are preparing to withdraw.