ACE will launch ACE ARENAS a few hours from now 👀

As BTC slumped back to 61k support, ACE has also fallen with it. Are the whales selling the token already?

Let's check it's contract. Data shows that the major holder of ACE is binance and another private wallet.

If we dig deeper and examine these wallets, chart analysis would tell us that more than 50% of the token held by binance has been taken out of the exchange. From holding 9 million tokens its now holding 4million.

What does this mean? It means, around 5million tokens has been bought and has been taken out of the exchange. Only 40% of the initial token are left in binance. That's a lot of buying. 😳

Now, let's examine the private wallet. Hmmm it appears that this wallet has been adding tokens every now and then. It has increased its token holdings to almost 3.265Million from just 3.25 Million last May 8. 😳

So why is ACE down? It's still BTC Dominance. It is heavily traded in BTC pair. Hence, BTC can easily drag it around. 😔 Lack of hype also adds up to its demise.

However, one strong aspect about ACE is the fact that the Devs are active builders. They're building projects after projects. After building the endurance block chain last April, they will launch ACE ARENA today, and fushionist game next month. ACE is long term bullish. With the rate the Devs are building, x30 is still possible.

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Binance wallet data analysis below 👇