DeXe (DEXE)

I was silent for a week, and now I decide to speak up for my friend.

My friend lost nearly $1.7 million while trading ethereum:0xde4ee8057785a7e8e800db58f9784845a5c2cbd6.

The price of DEXE plunged from $46 to $5 in a single day, a drop of 88%—essentially a wipe‑out. This was not a normal market move; it was orchestrated by the notorious market‑maker DWF.

They used a clever method to bypass regulators, dumping almost 800,000
ethereum:0xde4ee8057785a7e8e800db58f9784845a5c2cbd6 into the exchange and pocketing roughly $40 million in profit. This created a massive hole that funneled retail investors’ money straight into their pockets. No on‑chain warning appeared, and all retail monitoring tools failed—because the action happened off‑chain, mirrored inside the exchange.

That’s what they did: crashing the market for a $40 million gain while evading regulators.

1. My friend’s experience

My friend is a crypto heavyweight who has been trading for many years.

Around early July, he began building a position in DEXE. At that time DEXE surged to a historic high near $49.4, market sentiment was bullish, the narrative was clear, and there seemed no reason to exit. The result was disastrous.

On July 21, within a few hours, $DEXE fell from around $46 to just over $5, a single‑day drop of nearly 88%, with over $500 million in volume flooding the market and the order book being smashed. Whether holding at high levels, adding on the way, or trying to dip‑buy during the crash, almost everyone was hit.

His several positions collectively lost more than $1.7 million. Here are part of his live screenshots: a 3× leveraged long opened at $11.84, marked price fell to $2.89, loss $659,511, ROI –226.72%; spot account cost $21.05, unrealized loss $604,523; another spot bought at $36.69, unrealized loss $434,158, down over 91%.

A week has passed with no response or explanation.

2. What DWF did this year

Everyone knows what DWF, the renowned crypto market‑maker, has done in the past, so I won’t repeat it.
But I will say that this year alone they have manipulated tokens like SIREN and ESPORTS, causing those tokens to lose more than 90%, hurting a large number of people and resulting in huge market losses.
ESPORTS (May 2026): the token plunged 93% within hours,

What tokens are you trading?

$DEXE - @DexeNetwork
$PAXG - @Paxos
$ASTEROID - @MascotAsteroid
$LINK - @chainlink
$SHIB - @shibtoken

🦊 https://t.co/5dfQAzzWof