DEXE Coin Plummets 85 per cent from $49 to $4, Allegedly Due to Insider Selling

The crypto market experienced extreme volatility once again after DEXE Coin (DeXe) suffered a sharp decline of more than 80% in a short period. 

The token, which previously staged a massive rally to reach an all-time high of around US$48.91 on July 13, 2026, suddenly plummeted to the US$4–5 range.

The decline erased most of the gains from the previous rally and triggered panic among traders. 

Unlike the overall crypto market conditions, which remained relatively stable, DEXE's crash occurred specifically to that token, raising suspicions of heavy selling pressure from specific holders.

One of the biggest circulating issues is alleged insider selling, following reports of large token transfers from wallets allegedly linked to the project team to an exchange. 

However, to date, there has been no official confirmation regarding the team's involvement or any planned sell-off.

Key Takeaways

• DEXE dropped around 85% from its peak of US$48.91 to around US$4 following heavy selling pressure.
• Alleged token sales from team-related wallets triggered panic and cascade selling.
• There is no official evidence that DEXE experienced a rug pull, but investors need to pay attention to on-chain activity and important technical levels.

What Happened to DEXE Coin's Price?

DEXE's price experienced one of the largest drops in the crypto market this year. After reaching an all-time high near US$48.91, the token fell drastically into the US$4.83 area.

Over a 24-hour period, DEXE was recorded dropping over 80%. In the last seven days, the decline reached about 88%, demonstrating a very rapid shift in market sentiment.

Before the crash occurred, DEXE had enjoyed an aggressive rally over several days. The surge was driven by market momentum, high trading activity, and positive sentiment following listings on several exchanges.

However, the overly rapid increase left DEXE's price vulnerable to profit-taking by large holders. When selling pressure emerged, limited liquidity accelerated the price drop.

Read Also: What is DeXe (DEXE)? Token for Decentralized Social Trading Platform

How Much Did DEXE Drop from Its Peak?

DEXE experienced a drop of around 85% from its all-time high.

Calculated from its highest level of US$48.91 down to the US$4 area, the token lost nearly all of the gains accumulated during its previous rally.

This decline serves as an example of how smaller market-cap crypto assets can undergo extreme volatility in a short amount of time.

Such conditions usually occur when:

• Prices rise too quickly in a short duration.
• Many traders use high leverage.
• Market liquidity is insufficient to absorb massive sell orders.

For investors who bought near the peak, this correction resulted in significant losses.

Monitor developments on DEXE and other crypto assets by registering on Bittime and follow the latest market updates.

What Was the Main Cause of DEXE's Collapse?

The primary trigger behind DEXE's crash is suspected to stem from heavy selling pressure involving specific wallets.

According to circulating on-chain data, a wallet reported to have links with the DeXe team transferred around 625,000 DEXE, valued at approximately US$6.2 million at the time of transaction, to the Binance exchange on July 21.

The transfer immediately caught the community's attention because large token inflows into exchanges are often interpreted as potential sell signals.

Following the appearance of that transaction, selling pressure intensified and triggered market panic. Traders who previously bought into the momentum began exiting their positions, accelerating the price drop.

However, it should be noted that transferring tokens to an exchange does not always guarantee an immediate sale. Without official confirmation from the parties involved, allegations of insider selling remain market speculation.

Read Also: DeXe Coin Dumps 83%: Why Did DEXE Price Fall Sharply?

Is There Really Insider Selling?

Allegations of insider selling surrounding DEXE became one of the main factors driving panic.

Several blockchain analysts reported large movements of tokens from wallets allegedly linked to project insiders. This activity was considered suspicious as it occurred right after DEXE hit a new all-time high.

If sales by internal parties indeed took place, it could exert heavy pressure on the price because the amount of tokens released was quite significant relative to available market liquidity.

However, up to this point, there is no final proof confirming that the DeXe team engaged in direct sales.

Investors must distinguish between:

• On-chain data showing token movements.
• The conclusion that specific parties intentionally sold the tokens.

The two are distinct matters and require further verification.

Convert 1 IDR to DEXE - Indonesian Rupiah Exchange Rate 

Is DEXE Considered a Rug Pull?

A major question following the crash is whether DEXE constitutes a rug pull.

By definition, a rug pull occurs when developers or associated parties abandon a project after profiting from investors, typically through liquidity removal or massive token sell-offs.

Currently, there is no official evidence regarding:

• Liquidity withdrawal by the team.
• Halt of project development.
• Abandonment of the community.

Because of this, calling DEXE a rug pull is still premature.

However, the pattern of such a sharp price decline does closely resemble several token cases that experienced massive dumps following extreme rallies.

Investors should monitor the latest developments, including team wallet activity, official project communications, and DeXe ecosystem progress.

Read Also: DeXe Price Surge Analysis: What Triggered the DEXE Rally?

How Did Liquidations Impact the Price?

In addition to heavy selling pressure, liquidations of leveraged positions exacerbated DEXE's decline.

As the price began falling sharply, traders using margin to amplify their positions faced forced liquidations. These positions were then closed automatically by trading platforms, generating additional selling pressure.

This phenomenon creates a chain effect:

1. Prices drop due to large sell-offs.
2. Leveraged positions begin to get liquidated.
3. Liquidations trigger additional sell orders.
4. Prices fall even deeper.

This pattern often occurs in crypto assets undergoing rapid rallies because many traders open positions expecting prices to keep rising.

What Is DEXE's Current Technical Analysis?

Technically, DEXE is currently in a strong bearish condition after losing most of its key support levels.

The Relative Strength Index (RSI) indicator is hovering around the 27 level, indicating oversold conditions.

However, oversold conditions do not always mean the price will bounce back immediately. During sharp downtrends, assets can remain oversold for an extended period.

Traders are now watching several key levels closely.

Read Also: What Is DeXe Network? A Governance DAO Platform for Web3 and On-Chain Treasuries

What Are DEXE's Support and Resistance Levels?

The main technical levels for DEXE right now are:

• Key support: US$4.00–US$4.50.
• Initial resistance: around US$7.50.

The US$4–US$4.50 area serves as a crucial zone for buyers attempting to build price stabilization.

If DEXE can push back above US$7.50 with strong volume, short-term sentiment could begin to improve.

However, if selling pressure continues and that support fails to hold, the risk of further downside remains open.

Is DEXE Still Worth Watching?

Despite experiencing a major crash, DEXE remains an asset worth keeping an eye on, as high volatility frequently creates both opportunities and risks.

On the positive side, DeXe still retains its utility as a governance token within its ecosystem.

However, investors should consider several factors before making any decisions:

• Team transparency following the price drop.
• Project development activity.
• Large wallet movements.
• The price's ability to establish a new bottom.

An 85% crash demonstrates that the risks associated with high-volatility crypto assets remain extremely high.

Start trading DEXE/IDR with Bittime here!

Conclusion: Is This the Bottom or Will It Keep Falling?

DEXE's fall from US$49 toward around US$4 stands as one of the most dramatic events in the crypto market this year.

Allegations of insider selling, massive sell-offs, and leverage liquidations were key factors accelerating the decline. However, there is no official evidence suggesting that DEXE executed a rug pull.

For now, the US$4–US$4.50 range is a vital level determining whether DEXE can establish a new bottom or continue its downtrend.

Investors should not look solely at the potential for a rebound following a massive crash, but also pay attention to project transparency, on-chain activity, and broader market conditions.

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FAQ

What happened to the price of DEXE Coin?

DEXE Coin crashed by over 80% in a short period following heavy selling pressure, dropping from around US$48.91 down to the US$4 area.

How much did DEXE drop from its peak?

DEXE dropped approximately 85% from its all-time high reached on July 13, 2026.

Is it true that there was insider selling of DEXE?

There are allegations of sell-offs from wallets reportedly linked to the team following a transfer of roughly 625,000 DEXE to Binance, but there has been no official confirmation.

Is DEXE considered a rug pull?

There is no official evidence that DEXE was a rug pull, as no liquidity withdrawals or project abandonments by the team have been verified.

What are DEXE's current support and resistance levels?

DEXE's main support lies in the US$4–US$4.50 range, while key resistance sits around US$7.50.

Is DEXE still worth watching?

DEXE remains interesting to monitor, but investors should carefully consider the high risks, large wallet activity, and official project developments before making decisions.