After a rapid three-day surge to an all-time high of $48.91 on July 13, the Dexe token dropped nearly 10% to $41.30 on July 14, bringing its market capitalization below $4 billion.
Key Takeaways
On July 14, the Dexe token dropped nearly 10% to $41.30, halting a massive 3-day breakout to record peaks.The pullback mirrored a 90% collapse in LAB, spotlighting systemic liquidity risks across the sector.Traders are opening short positions on X as Dexe leaves its maximum coin supply unclarified for the future.On July 14, the native token of the decentralized autonomous organization infrastructure protocol, Dexe, tumbled to $41.30, a nearly 10% drop in 24 hours. The decline halted a remarkable run that had seen the token nearly double its value since July 10, when it flash-crashed to $25.60. Dexe surged to an all-time high of $48.91 on July 13.
Following LAB’s collapse, Dexe’s correction marks a rocky start for the asset, even after a consecutive three-day climb that led retail investors to believe it was “going to the moon.” Analysts, however, are questioning whether the rally is sustainable. While Dexe’s circulating supply sits at 83.73 million out of a 96.5 million total supply, the project has not clarified its maximum supply—raising concerns among traders that the protocol could mint or introduce more tokens into the market later.
The analyst also advised users to look for signs like listing on futures and the 90% drop to shake out holders. Overall, the sign to watch out for is an old project from the 2021 season that has been listed on futures within the last year or so.
