📉 Causes of the $DEXE Decline
On April 1, 2025, $DEXE experienced a sudden drop of over 30% within minutes on Binance. This event also affected other cryptocurrencies such as ACT and DF. The identified causes include:
Error in trading bots: It is suspected that a poorly configured trading bot executed massive sell orders, creating an imbalance in the market.
Changes in Binance margin rules: Binance announced modifications to leverage and margin requirements for perpetual contracts, applicable retroactively to existing positions. This caused automatic adjustments by arbitrage bots and market makers, intensifying volatility.
Low liquidity: The rapid execution of large sell orders in a market with low liquidity exacerbated the price drop.
🔍 Impact and outlook
After the drop, DEXE has shown signs of recovery, reaching an intraday high of $14.41 USD. However, volatility persists, and the token continues to trade below key support levels.
This event highlights the fragility of cryptocurrency markets in the face of technical errors and the need for more robust control mechanisms to prevent similar drops in the future.
