DEXE Plunges 35% Amid Sudden Crash, $92K in Longs Liquidated as Supply Concentration Fuels Volatility

DEXE is currently trading at $9.084, reflecting a significant 24-hour decline of 35.57% from an opening price of $14.099, with high trading activity observed during this period. The sharp price drop followed a sudden market event between June 2 and 3, 2025, when DEXE experienced a rapid crash from around $15 to below $9, which also triggered $92,100 in long position liquidations at $11.20. This volatility occurred shortly after a period of strong positive momentum and bullish sentiment, highlighted by a 12% surge on May 30, 2025, and optimistic short-term forecasts. The token’s highly concentrated supply, with 27 addresses holding 98.6% of the circulating supply, may have contributed to the pronounced price movements. The recent events underscore the asset’s susceptibility to rapid market shifts, with the causes of the latest decline still under investigation within the community.