Why do you think $DEXE is falling📉(-40% in a Day) so much?
I found three reasons to put forward:
1. $DEXE surged more than +100% whinin the month, so it's usual cooling period as early investors go on to lockin their profits to reinvest in safer assets.
2. This is important - also this is connected to 1st point
As these early investors also turns out to be whales by themselves, this triggered the whale wallet activity across the exchanges and since more than 30% of entire supply is locked either as staking or governance treasureary this whale activity eaten up thin float that existed in market.
3. This is more on technical side -
Currently token is in price Rediscovery correction and testing key support demand resistance zones and good news is buyers are actually forming solid accumulation floor by absorbing the selling volume currently.
So finally what not to worry on if you have a long term vision-
The project is still solid, there are no hacks, cracks or bad protocol updates but purely a market restructuring.
I found three reasons to put forward:
1. $DEXE surged more than +100% whinin the month, so it's usual cooling period as early investors go on to lockin their profits to reinvest in safer assets.
2. This is important - also this is connected to 1st point
As these early investors also turns out to be whales by themselves, this triggered the whale wallet activity across the exchanges and since more than 30% of entire supply is locked either as staking or governance treasureary this whale activity eaten up thin float that existed in market.
3. This is more on technical side -
Currently token is in price Rediscovery correction and testing key support demand resistance zones and good news is buyers are actually forming solid accumulation floor by absorbing the selling volume currently.
So finally what not to worry on if you have a long term vision-
The project is still solid, there are no hacks, cracks or bad protocol updates but purely a market restructuring.