DeXe Price Plummets 88% Amid Heavy Selling Pressure

The cryptocurrency DeXe (DEXE) plummeted by 88.19% in just 24 hours, marking one of the most dramatic price drops in recent times.

The collapse followed a steep multi-month rally that saw DEXE surge from around $1.80 in February to almost $48 in early July, a more than 25x move in a few months.

The token's overextended price and leveraged market made it vulnerable to a sharp correction, with large sellers appearing to trigger the crash.

According to CoinMarketCap data, DEXE trading near $37.50 early in the prior day dropped to around $4.80 near the end of the 24h window, with a 24h change of about −88.19 percent and 24h volume around $419.55 million.