DeXe (DEXE) has suffered one of the sharpest declines in the cryptocurrency market this year after its price plunged more than 80% on Wednesday. The dramatic sell-off erased almost all of the gains from the token’s recent rally and left traders scrambling to understand what triggered the collapse. While the broader crypto market remained relatively stable, DEXE dropped from trading above $23 during the day to around $4.83, marking an unusually severe move that quickly became one of the biggest talking points across the digital asset market. The token is now trading more than 90% below that record level, with losses extending to 88% over the past seven days.
Source: Read the original article
