Svmuu News: According to on-chain analyst Ai Yi, DEXE reached an all-time high of $49.432 on July 12. It began to decline on July 13, with the largest single-day drop of 88% occurring on July 21,plummeting from $46.93 to $5.648; over the course of 11 days, the price fell by 96.8%, dropping from $49.423 to $1.56.
Aunt Ai noted that large on-chain fund transfers were primarily from CEX hot wallets, and no anomalies were detected aside from Ceffu.Since July 13, the custodial platform Ceffu has cumulatively transferred 797,900 DEXE to Binance in six separate transactions, with a total value of $6.15 million. It is the only entity other than an exchange to have transferred more than $1 million worth of this token.
Ai Yi stated that due to Ceffu’s MirrorX mechanism, DEXE held in Ceffu generates a 1:1 mirrored position on the exchange, and on-chain asset transfers are automatically settled afterward;If this mechanism were used for advance trading, the 797,900 DEXE would correspond to an actual value of $39.44 million.
Ai Yi further noted that public records do not indicate that the DEXE project team has deposited tokens with Ceffu; the majority of tokens are held in the DAO treasury and team-related locked contracts;Among DEXE’s official partners, Falcon previously supported DEXE as a platform collateral asset; Falcon’s asset custodians include Ceffu, and Falcon Finance is affiliated with DWF Labs, which is also listed among DEXE’s partners.Ai stated that the above conclusions are based on on-chain data and publicly available information, and she does not rule out the possibility of involvement by the project team or other market makers.