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DEXE plummets 96.8% in 11 days, Ceffu transfers 797,900 DEXE to Binance, possibly linked to DWF Labs

Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, DEXE reached an all-time high of $49.432 on July 12. It began to decline on July 13, and on July 21, it experienced a single-day maximum drop of 88%, with the price falling from $46.93 to $5.648. Over 11 days, the decline reached 96.8%, with the price dropping from $49.423 to $1.56. Ai Yi stated that the large on-chain fund flows were primarily from CEX hot wallets, and no anomalies were found except for those involving Ceffu. Since July 13, the custody platform Ceffu has transferred a total of 797,900 DEXE to Binance, split across 6 transactions, with a total value of $6.15 million. This makes Ceffu the only entity, besides exchanges, to move over a million dollars worth of this token. Ai Yi noted that due to the Ceffu MirrorX mechanism, DEXE held in Ceffu generates a 1:1 mirrored position on the exchange, and on-chain asset transfers are settled automatically afterward. If this mechanism was used for front-running, the actual value corresponding to the 797,900 DEXE would be $39.44 million. Ai Yi further indicated that public records do not show the DEXE project team depositing tokens with Ceffu, with most tokens being held in the DAO treasury and team-related lock-up contracts. Among DEXE's official partners, Falcon had supported DEXE as collateral on its platform. Falcon's asset custodian includes Ceffu, and Falcon Finance is associated with DWF Labs, which is also on DEXE's partner list. Ai Yi stated that the above conclusions are based on on-chain data and public clues, and it cannot be ruled out that the project team or other market makers are involved.

MGBX to List DEXEUSDT and BOTUSDT Perpetual Contract Trading Pairs

According to official sources, MGBX will list DEXEUSDT and BOTUSDT perpetual contract trading pairs at 18:00 (SGT) on July 15, 2026.Trading opening time: July 15, 2026, at 18:00 (SGT)Leverage: Supports up to 25x.DEXE: DeXe Network is a decentralized social trading and asset management platform operated by DeXe DAO.BOT: RoboStrategy is a closed-end fund that invests in robotics and embodied AI companies that are working to build the future of human-machine collaboration.

DEXE sees price surge past 49 USDT after listing on MGBX, with cumulative annual gains exceeding 1000%.

according to MGBX spot market data, DEXE has surged past 49 USDT and is currently trading at 40 USDT, with cumulative annual gains exceeding 1000%.DeXe Network is a decentralized social trading and asset management platform operated by DeXe DAO.