DeXe hits $39.78 record as 161 new wallets join network

DeXe token rose 8.33% to a record $39.78, extending an 18-fold rally over five months as on-chain activity drove the move.

"The likely drivers are DeXe's sharp technical breakout, renewed interest in DAO governance and AI-adjacent governance narratives, plus whale buying into a token that still has relatively limited exchange liquidity," Santiment said.

The token cleared the 1.618 Fibonacci extension at $38.09 after breaking above $30.31, tracking a weekly cup-and-handle pattern that projected the move toward $38, according to BeInCrypto. The all-time high surpassed the 2021 peak near $32.38. Network growth reached its fourth-largest day on record with 161 new wallets created, Santiment data shows. Whale activity logged 11 transactions above $100,000, also the fourth-largest such day of 2026.

Social volume has not surged despite the 18-fold run, which Santiment framed as a positive signal — price, wallets and whales are moving before the crowd catches on. The upcoming sessions will test whether the rally sustains or profit-taking pulls the altcoin lower.

DeXe runs a no-code toolkit for launching decentralized autonomous organizations on the Ethereum network. The protocol has benefited from 2026 demand for governance infrastructure tied to artificial intelligence projects, with DAO creation tools seeing increased usage as AI-driven organizations seek on-chain governance structures. Its market capitalization stood at $1.78 billion, according to CoinGecko.

The rally stands out against a broader altcoin market where Bitcoin dominance has kept many tokens range-bound. DeXe's limited exchange liquidity has amplified price moves as whales accumulate, Santiment noted. The token traded near $38.76 at press time, with the next resistance level tied to the 2.618 Fibonacci extension near $45.

This article is for informational purposes only and does not constitute investment advice.