Market Cap Increased 7-Fold in 4 Months: Whale Transactions in Altcoin Reach Record Levels
DeXe (DEXE) recorded historic growth, increasing its market capitalization approximately sevenfold in the last four months while reaching all-time highs in active addresses and whale transactions on the network.
Delivering one of the most remarkable performances in the cryptocurrency market recently, DeXe (DEXE) has become a focal point for investors following an explosion in on-chain data. As the protocol’s network growth climbed to its strongest level in seven months, the approximately 590% increase in market capitalization is supported by genuine interaction within the project’s ecosystem. During this period, the DEXE price surged to levels as high as $22.60, becoming one of the market’s top-performing assets.
According to Santiment data, the number of daily active addresses on the DeXe network reached a record 298. At the same time, whale transactions valued at over $100,000 hit an all-time high with 18 transactions. These data points indicate that the price action is not merely speculative but that new and large-scale investors are actively participating in the network.
Whale Activity and Record Growth on the DeXe Network
On the network growth side, the creation of 86 new wallets proves how fresh the interest in the ecosystem is. Investors’ curiosity about the DAO governance infrastructure and expectations for protocol adoption stand out as the primary drivers of the rally. The increase in the amount of tokens withdrawn from exchanges to wallets signals that investors tend to hold their assets long-term and that spot accumulation is accelerating.
The most significant feature of this rally is that on-chain data validates the price movement rather than just following it. The entry of new wallets into the ecosystem at the fastest pace in months and peak active participation shows that the project’s governance-oriented growth strategy is resonating. Investors are closely monitoring whether this expanding ecosystem can maintain its current momentum.