#257 Community Insights & Market Sentiment

Watching $DEXE rise from $23 to $47 without daring to chase—now it’s down to $2.2, and my inner thoughts are churning again. Should I chase it? I’m afraid of catching a falling knife. After all, it’s down 93% in 7 days. This kind of drop is either a chain liquidation explosion or a late-stage liquidation after distribution; not chasing it, though, makes me worry it’ll suddenly rebound like before, missing out on the “bottom-picking” alpha.

The data itself doesn’t lie: before July 22, the price was still trading sideways around $35 with moderate volume. Then over the next two days, it was smashed straight through. Over 24 hours, volume surged from $54M to $144M, suggesting a large amount of shares changed hands below $6. But the question is—after the turnover, is it accumulation or still continued distribution? From $47 to $2.2, there’s almost no meaningful rebound in between. That implies the people who chased high were essentially buried, and the low-price buyers may have become the new source of liquidity.

What I care about most is whether trading volume can continue to shrink afterward. If, over the next few days, volume contracts and price stabilizes around $2, there might be a chance for an oversold rebound. But if it keeps drifting lower on continued volume expansion, it would mean panic sellers haven’t fully cleared out yet—and there may be more downside.

$DEXE ’s market cap is still $216M, ranked #257. It’s not a zero-to-zero wipeout, but it’s 95% away from its ATH, and on the narrative side there’s no sign of any new catalysts.

There’s no standard answer to this problem—only a choice of costs. Which way do you lean toward:

A. Go in lightly at $2.2 to test the waters, set a stop loss at $1.8, and bet on a 10–20% rebound;
B. Wait for it to fall back below $1.5, then decide based on volume;
C. Completely give up—don’t touch this kind of “wreckage” with a 90% drawdown.

Which option is closest to your decision logic?

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