DEXE crashes over 90% as Ceffu transfers raise DWF Labs questions

DEXE has lost 96.8% in 11 days after falling from a record high near $49.43 to $1.56, while large Ceffu transfers to Binance have prompted questions about a possible DWF Labs connection. Summary DEXE plunged 96.8% in 11 days after reaching a record $49.43. Ceffu transferred 797,917 DEXE to Binance through six transactions beginning July 13. Ai Yi traced possible DWF Labs links but found no proof of involvement. On-chain analyst Ai Yi reported that DEXE (DEXE) reached an all-time high of $49.432 on July 12 before its decline began the following day. The steepest move came on July 21, when the token dropped as much as 88% from $46.93 to $5.648 within one trading day, according to the analyst’s timeline. During an examination of large on-chain flows, Ai Yi found that most transfers came from centralized exchange hot wallets. Ceffu was the only entity outside exchanges that moved more than $1 million worth of DEXE, making its activity stand out from the other transactions reviewed by the analyst. Since July 13, the crypto custody platform has transferred 797,917.24 DEXE to Binance across six transactions, Ai Yi reported. Those tokens were worth a combined $6.15 million when the on-chai...