DeXe Soars 36% on Whale Buying Frenzy

DeXe's price surged 36% over the past day, making it one of the top performers among the top 150 cryptocurrencies by market capitalization. The asset's trading volume has also skyrocketed, increasing by 1,460% to $238 million, indicating strong buying momentum in the market.

The increase in trading volume is often a sign that more investors are entering the market and acquiring the asset, which can further drive up its price. In this case, data shows that whales - large investors with significant capital and liquidity - have been actively acquiring DeXe during this period.

Perpetual market activity has also played a key role in DeXe's rally, with a significant portion of capital flowing into the asset through derivatives markets. The open interest-weighted funding rate is currently at 0.0054%, indicating bullish positioning.