Akedo (AKE) fell 19.7% and took the day’s least enviable crown, in a session where the rest of the market barely noticed anything happened: Bitcoin added 1.04% to close at $78,277, Ethereum 0.85% to $2,273.66. There is no panic at the top, but somebody left a valve open in the basement.
Akedo (AKE) — −19.7%
What is Akedo?
Akedo started in mobile gaming and tried to turn it into an economy where players record their runs, convert them into content and earn from it. Picture Twitch and a mobile arcade cabinet in the same box, with a token as the internal currency. A good idea on paper and an attractive one to investors, because it combines two things the market adores: games and short-form video.
The problem with ecosystems like this is supply. There are 22.8 billion AKE in circulation against a total of 100 billion. That is a ratio which turns any “limited supply” narrative into a joke at the expense of whoever bought the top.
Why is it falling?
A price of $0.00876 with $37.4 million in volume on a $199.5 million cap means the token sits under constant sell pressure with no counterweight on the bid. For projects with large locked treasuries, a 20% drop is usually not the result of bad news — it is the result of a calendar. When part of the supply unlocks, somebody has to sell to pay bills, and a market this thin has no depth to absorb it without slippage.
The chart is its own warning: the token is 94% below its $0.14666 all-time high and only a few percent above its all-time low. As price approaches the level where it was born, the crowd that waited for a bottom steps in — and that crowd usually does not buy, it tests how much room is left.
Data: price $0.008755 · 24h −19.71% · market cap $199.54M · 24h volume $37.40M · circulating 22.80B AKE (total 100B) · ATH $0.14666 · ATL $0.000174 · rank #171
Lisk (LSK) — −18.2%
What is Lisk?
Lisk is a veteran of this market — a project that raised a hefty sum in a 2016 ICO and then spent years searching for the right product. Today it is positioned as an Ethereum layer-2 network aimed at real-world assets and local-community applications, with an emphasis on emerging markets. A noble mission, and also exactly the place where projects get stuck between ideals and users.
Lisk has been through more reinventions than most bands: its own chain, then a migration, then layer-2, then a new story. Each change brought a fresh roadmap and a fresh round of hope, while the old holder base thinned out.
Why is it falling?
The numbers give it away: $57.7 million in daily volume on a $44.6 million cap. Volume exceeding the cap itself means the token is being passed hand to hand at speed — that is not accumulation, that is evacuation. When turnover explodes while price drops 18%, somebody is distributing inventory faster than buyers can track.
Then there is the psychological weight of history: LSK is 99.4% below its $34.92 peak, reached in an era when everyone believed every ICO would become Apple. For the generation that bought then, every small bounce works as an exit ramp rather than an entry ticket.
Data: price $0.203611 · 24h −18.18% · market cap $44.61M · 24h volume $57.72M · circulating 220.16M LSK (total 300M) · ATH $34.92 · ATL $0.070266 · rank #482
THORChain (RUNE) — −11.5%
What is THORChain?
THORChain is a decentralised exchange that uses neither wrapped tokens nor intermediaries — it swaps between different chains directly through a set of liquidity pools. RUNE is the spine of that system: it pays fees, secures liquidity and, in theory, keeps the whole machine balanced. A technically elegant design carrying the weight of its own ambition for years.
The project’s history has not been calm: there were exploits, there were liquidity scares, and there were moments when the network had to freeze functions to survive. All of that leaves scars on trust that no cycle heals.
Why is it falling?
Volume of $12.9 million against a $185 million cap shows interest in this ecosystem is currently weak. When liquidity leaves the pools, RUNE loses twice: it loses buyers and it loses the function it was supposed to perform. An 11.5% drop to $0.558 is therefore less a story about one bad headline and more a story about a long, quiet outflow.
And the context is unforgiving: the token is 97.3% below its $20.87 high. RUNE was once shorthand for the cross-chain revolution; today it is a reminder that infrastructure without volume becomes a museum piece.
Data: price $0.558122 · 24h −11.48% · market cap $184.99M · 24h volume $12.93M · circulating 329.29M RUNE (total 353.88M) · ATH $20.87 · ATL $0.008513 · rank #180
The wider picture
No macro drama, and three tokens down by double digits. That is evidence most drops of this kind are internal affairs: unlocks, distribution, drained liquidity and charts that stayed ugly for too long. The market is not falling — individual projects are quietly dropping out of the game, without announcement.
The pattern is almost didactic: two projects with volume above their market cap (AKE and LSK) and one where volume is barely seven percent of the cap (RUNE). The first two are being liquidated, the third is being forgotten. Neither scenario looks good on a 24-hour chart.
Financial data
- Akedo (AKE): $0.008755 · MCap $199.54M · 24h vol $37.40M · circulating 22.80B / 100B · ATH $0.14666 · ATL $0.000174
- Lisk (LSK): $0.203611 · MCap $44.61M · 24h vol $57.72M · circulating 220.16M / 300M · ATH $34.92 · ATL $0.070266
- THORChain (RUNE): $0.558122 · MCap $184.99M · 24h vol $12.93M · circulating 329.29M / 353.88M · ATH $20.87 · ATL $0.008513
- Reference: BTC $78,277 (+1.04%) · ETH $2,273.66 (+0.85%)
Data: CoinGecko, November 2, 2026. This is not investment advice. Crypto assets are volatile, and double-digit drawdowns are routine, not exceptional.