Leaving K-line charts aside, does $DEXE ’s DAO narrative still hold up?

Although the price has fallen so badly it’s hard to watch, we still need to go back to the fundamentals and see what $DEXE is actually doing. As a no-code DAO-building toolkit, it really has benefited from the AI governance track’s upside this year. In early July, the on-chain data was actually very strong: 161 new wallets were added in a single day, whale large transfers hit a new intra-year high, and exchange custody balances are still continuing to decline. This suggests that real users and long-term holders are still accumulating coins. In the short term, the price collapse is more about leverage liquidations and emotional venting. If its modular smart-contract toolkit can keep getting deployed in a sustained way, then this wave of selloff could actually be a process of moving chips from retail traders to big holders. Keep an eye on the sol chain tail xBQt, the Trump-style dogecoin, and Conan (conan). The community is continuing to build, and reward campaigns are being rolled out nonstop, driving a surge in market awareness.