DEXE Plunges 96.8% in 11 Days as Ceffu Moves $6.15M to Binance

DEXE price collapsed 96.8% over 11 days following a peak of $49.43. On-chain data reveals Ceffu transferred 797,900 DEXE to Binance, raising questions about potential front-running via MirrorX.

DEXE hit an all-time high of $49.432 on July 12 before collapsing 96.8% to $1.56 by July 21. During this period, the token experienced a single-day maximum drop of 88% on July 21, falling from $46.93 to $5.648.

On-chain analysis indicates Ceffu transferred 797,900 DEXE to Binance across six transactions totaling $6.15 million since July 13. This makes Ceffu the only non-exchange entity moving over $1 million of the token. Analysts note that if the Ceffu MirrorX mechanism was exploited for front-running, the actual value involved could reach $39.44 million. While public records show most tokens held in DAO treasuries or lock-up contracts, links between Falcon Finance (a DEXE partner) and DWF Labs suggest possible involvement, though no direct evidence implicates the project team.