DEXEs fell 96.8% in 11 days Ceffu transferred 797,900 DEXEs to Binance or related to DWFLabs

According to monitoring by chain analyst Aunt Ai, DEXE reached a record high of US$49.432 on July 12 and began to fall on July 13. The biggest single-day drop on July 21 was 88%, and the price fell from US$46.93 to US$5.648; The decline reached 96.8% in 11 days, and the price fell from US$49.423 to US$1.56. Aunt Ai said that the large amount of capital flows in the chain are basically CEX hot wallets, and no abnormalities were found except Ceffu. Custody platform Ceffu has transferred a total of 797,900 DEXEs to Binance since July 13, divided into 6 transactions with a total value of US$6.15 million. It is the only entity other than the exchange whose transfer scale exceeds US$1 million. Aunt Ai said that due to the existence of the CeffuMirrorX mechanism, the DEXEs kept in Ceffu will generate 1:1 mirror positions on the exchange, and the on-chain asset transfers will be automatically settled afterwards; if this mechanism is used for advance trading, the corresponding actual value of 797,900 DEXEs should be US$39.44 million. Aunt Ai further stated that public information did not show that the DEXE project party entrusted the tokens in Ceffu, and most of the tokens were stored in the DAO treasury and team-related lock-up contracts; in the DEXE official cooperation list, Falcon had supported DEXE as a platform mortgage asset. Falcon's asset custody includes Ceffu, and FalconFinance is related to DWFLabs, which is also on the DEXE partner list. Aunt Ai said that the above content is a conclusion based on on-chain data and public clues, and does not rule out the relevant situation of the project party or other market makers.