"DEXE Buckets Bearish Trend, Surges 17% Amidst Crypto Market Crash"

DEXE, the native token of DeXe Protocol, has bucked the bearish trend prevalent in the broader crypto market, posting significant gains on Monday, February 3, 2025. While major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) experienced substantial losses following U.S. President Donald Trump's double-digit trade tariffs on Canada, Mexico, and China, DEXE rallied nearly 17.27% to hit an intraday high of $23.22.

In contrast to the market-wide crash, DEXE was up over 7% at the time of writing, hovering around $22.53. The token has also been one of the best-performing in recent months, with gains of 26% in January and a staggering 676% year-to-date. Several factors are driving this rally, including an increase in the number of DEXE holders, ecosystem developments, and growing staking activity on the protocol.

Data from Dune Analytics shows that the number of DEXE holders has steadily increased in recent months across both Ethereum and BNB. As of February 2, 2025, 53,768 investors held DEXE, up from 41,391 seen at the end of August 2024. This increase in holders suggests growing interest and confidence in the DEXE token.

The bullish momentum has also been fueled by hype surrounding recent ecosystem developments. DeXe Protocol's launch on Ethereum, integrating over $1 billion in DEXE tokens into governance via DeXe DAO, locking the DAO Treasury, introducing staking-governance features for DAOs, and launching staking for DeXe DAO have all contributed to enhancing community engagement and driving the rally.

DEXE's rally coincided with a steady rise in staking activity on its protocol. As of January 30, 2025, 20% of the token's total supply had been staked. Traders were also likely bullish over upcoming developments such as the launch of DeXe dApp v2 and key partnerships, as mentioned in the 2025 roadmap unveiled last month.

Technical analysis of DEXE's price suggests that the 50-day moving average