Dexe slips 10% to $41.30 after three-day surge
Dexe fell nearly 10% to $41.30 on July 14 after peaking at $48.91 on July 13, cutting its market cap below $4 billion amid supply and liquidity concerns.
Dexe, the native token of a decentralized autonomous organization infrastructure protocol, fell nearly 10% to $41.30 on July 14 after reaching an all-time high of $48.91 on July 13, bringing its market capitalization below $4 billion.
The decline ended a three-day rally that followed a flash crash to $25.60 on July 10. The token almost doubled between July 10 and July 13, and its market value briefly topped $4.6 billion before the correction reduced it to just under $4 billion on July 14.
Traders raised questions about the token’s future issuance. Public records list a circulating supply of 83.73 million tokens and a reported total supply of 96.5 million, but the project has not specified a maximum supply. Market participants said additional minting or large token releases could add selling pressure.
Some observers compared Dexe’s rapid rise and reversal to LAB, which fell more than 90% on July 2, cutting its market capitalization from over $3 billion to under $300 million. LAB recorded further losses exceeding 22% on July 14.
On-chain analytics showed increased activity during Dexe’s rally. Data from Santiment recorded 161 new wallets created in a single day, its fourth-largest single-day network growth in 2026, and 11 transactions above $100,000, one of the year’s larger days for high-value transfers. The rally did not generate the manipulation warnings that accompanied earlier token surges.
Some traders opened short positions on X, citing the unclear supply picture and the token’s steep gains. Ryker Crypto wrote on X: “When a coin surges, whether you’re long or short, it’s very risky. Study its history to understand why it’s rising. DEXE is an old project from a previous cycle that’s been heavily pumped again.”
Dexe first gained visibility during the 2021 market cycle. Analysts pointed to recent listings on futures markets and the precedent of large percentage drawdowns in other tokens as reasons for traders to review project histories before taking positions.
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