DeXe ($DEXE) has emerged as one of the strongest performers among the top 150 cryptocurrencies by market capitalization, with its price surging 36%.
The rally has been supported by a sharp increase in trading activity and growing bullish sentiment across the market. According to CoinMarketCap, $DEXE’s trading volume rose 1,460% during the same period to reach $238 million.
A simultaneous rise in price and trading volume is typically viewed as a sign that more buyers are entering the market and actively accumulating the asset.
What is driving the DeXe price rally?
The latest gains followed a significant increase in the number of $DEXE token holders. CoinMarketCap reported that the holder count rose by exactly 120, marking one of the largest single-day increases and contributing to the token’s price momentum.
Source: CoinGlass
However, the increase in holders was not the only notable development. Data indicates that whales—investors with substantial capital and liquidity—were also involved in the latest accumulation.
The whale retail delta, which tracks activity between large investors and retail market participants, has climbed significantly over the past several weeks. A rising reading suggests that whales have been acquiring $DEXE, potentially setting the asset up for further gains.
Source: CoinGlass
Because whales typically hold positions for longer periods, their accumulation could help support the rally if broader market demand remains strong.
Perpetual market activity supports bullish momentum
Activity in the perpetual derivatives market has also played an important role, with a significant amount of capital flowing into $DEXE.
According to the latest data, capital in the $DEXE perpetual market has reached approximately $29 million. The open-interest-weighted funding rate currently stands at 0.0054%.
With market positioning tilted toward buyers, investors may be more likely to sustain the bullish momentum that has driven the recent advance.
Source: CoinGlass
Buying interest is also increasing across major exchanges. Binance and OKX are among the platforms showing elevated buying volume, while data from CoinGlass indicates that Binance’s top-trader volume ratio stood at 1.99. LBank’s ratio also exceeded 1.2.
These readings suggest that traders are placing bids in anticipation that $DEXE could outperform in the near term.
DeXe market sentiment remains positive
Although capital is clearly flowing into $DEXE, market data also shows that investors continue to maintain a bullish outlook.
The sentiment indicator measures the market’s overall expectations on a scale ranging from -10 to 10. Its latest reading stood at 5.7, indicating positive sentiment toward the asset.
If this outlook persists, $DEXE could maintain its upward trajectory. Market sentiment often influences whether investors choose to buy, hold, or sell an asset.
DeXe has gained 36% while trading volume jumped 1,460% to $238 million. Whale accumulation, bullish perpetual-market positioning, and positive sentiment could continue supporting the $DEXE rally if buying momentum holds.
