๐ฅ Whale Radar Alert ๐ฅ
3 Hidden Perp DEX Tokens Quietly Accumulating Before a Breakout (October 2025) ๐ฅโผ๏ธ
The Perp DEX sector is heating up fast โ September volumes crossed $1.1T ๐, proving traders are hungry for leverage + on-chain exposure. But while the crowd chases majors, whales are quietly scooping up 3 low-cap gems (all < $50M) flashing early bullish signals. ๐
โก 1. Adrena ($ADX ) โ Solanaโs Dark Horse ๐
Built on Solana, fast & open-source perpetual exchange.
Whale wallets โ 0.87% while exchange reserves โ 3% (Sept).
Daily fees recently spiked, ranking #2 Solana derivatives DEX.
๐ Market cap still under $40M = massive asymmetry.
๐น 2. Perpetual Protocol ($PERP ) โ The Reversal Play ๐
Current market cap: ~$22M.
Exchange reserves plunged 15.6%, while top holders โ 7.8%.
Chart structure breaking away from lower lows โ early bull signal.
๐ Analysts eye potential +100โ130% upside into Q4.
๐ฅ 3. Bluefin ($BLUE ) โ The Buyback Catalyst ๐
Suiโs top Perp DEX, ~$39M market cap.
Generates $13.6M annual revenue, with 25% ($3.4M) going into token buybacks.
Buyback pressure = supply squeeze.
๐ Price could push above $0.20 if trend continues.
โ ๏ธ Note: These are high-volatility small caps, but whale behavior + tokenomics + accumulation patterns suggest the next Perp DEX breakout wave is quietly forming right now.
