Altcoins News
By Maheen Hernandez
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What's Actually Driving the Move. DeXe's protocol lets anyone spin up a decentralized autonomous organization — a DAO — without…
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Whale Moves and Wallet Growth. Santiment's data is where things get concrete. On one of DeXe's most active days on record, the…
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What Traders Are Watching Now. The next few trading sessions are probably the most important ones since the breakout started.
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DeXe just broke its own record. The token hit $39.78 on Sunday — an all-time high — and as of the latest available data, it's trading around $38.76, up 8.
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That number alone is striking, but the real story is the five-month run behind it. DEXE has multiplied roughly 18 times in value since early in the year. That's not a weekend pump.
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Earlier this month, DEXE cleared its previous all-time high of $32.38, which was set back in 2021. That old record had been sitting there for years, basically untouched.
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The cup-and-handle pattern was already on analysts' radars before the breakout. That formation, combined with the Fibonacci targets, gave traders a rough roadmap.
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Santiment's data is where things get concrete. On one of DeXe's most active days on record, the network added 161 new wallets in a single day.
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Eleven transactions over $100K in one day. That's not someone experimenting with a small position.
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Related: LAB Token Crashes 97% as ZachXBT Flags 18.4 Million Token Dump
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Big money moving into a token with limited exchange liquidity can do a lot. There isn't a deep order book here, so large buys move the price fast and keep it elevated longer than…
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What's kind of unusual here is the social media angle. Or rather, the lack of one. Social volume around DEXE hasn't spiked the way you'd normally expect during a move like this.
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But "sometimes" is doing a lot of work in that sentence. It's not a guarantee.
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Read also: Bitget rToken Hits $100M in 5 Weeks as Tokenized SpaceX Shares Lead Demand
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That's not bearish necessarily. It's just math.
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