DeXe (DEXE) Plummets 80% Amid Project Team Sell-off Allegations

Key Facts

Amid escalating risks in the altcoin sector, DeXe (DEXE) faced intense selling pressure that wiped out the majority of its market value within a single day. According to reports, the token's price collapsed from levels above $23 to approximately $4.83 within a 24-hour window. This sudden plunge has triggered explicit accusations against the project team for executing direct sell-offs, intensifying fears of a coordinated exit scam.

Updated data indicates that the token's weekly losses have now exceeded 88%, reflecting a severe deterioration in confidence compared to major digital assets. According to reports, the cause of the crash is no longer attributed solely to liquidity drainage but specifically to allegations of the team dumping their holdings. Per market data, this move sparked a wave of panic that evaporated the protocol's market capitalization in record time.

With the price currently at $4.83, the outlook remains strictly bearish as investors await any official response from the DeXe team. Looking ahead, traders are monitoring broader catalysts including US Retail Sales and the Philadelphia Fed Manufacturing Index on July 16, 2026, which may dictate general risk sentiment across the volatile cryptocurrency markets.