DEXE · a fixed supply that barely moves.
DEXE is the DeXe Protocol DAO governance token, on Ethereum and BNB Chain — ~46.75M circulating of a fixed ~96.5M supply, with no mint and every unlock finished since Oct 18 2025.
Sell pressure. None from issuance — supply is fixed and fully unlocked, so 0 new coins reach the market and no cliff is scheduled.
Buy pressure. No active buyback and no fee burn — any burn is left to a DAO vote and none is scheduled, so the buy side is 0 too.
Net. Roughly 0% to market over 90 days — flat. The real story is concentration: ~49.75M sits in Foundation, team and DAO wallets that only a governance vote can move.
DEXE has a fixed supply and no mint function — on-chain totalSupply holds at ~96.5M with no block emission, so nothing issues new coins and there is no structural inflation.
All vesting has physically expired — the last schedules, including the 36.5M Foundation reserve, finished on Oct 18 2025, so the token is 100% unlocked and no dated cliff reaches the market inside the window.
No public evidence of release in window — monitored. About 49.75M sits outside circulation (total ~96.5M vs ~46.75M circulating) across Foundation, team, treasury and DAO-staking contracts; it is largely staked or locked and can only move by a DAO governance vote — a tracked team-controlled overhang with no dated discretionary release.
No bankruptcy estate or court-ordered distribution applies to DEXE.
No active protocol buyback is running — any buyback is a DAO-governance decision and none is scheduled, so the row is carried at zero and monitored.
There is no automatic base-fee burn. About 3.5M DEXE was burned in early deflationary events, but any further burn must be approved by a DAO vote and none is scheduled in the window — monitored.
No discretionary open-market buying by the Foundation or treasury — monitored.
A staking program locks DEXE in 1-to-24-month tiers, but staked coins already circulate and are not removed from the count; its reward pool distributes pre-existing treasury tokens rather than removing float — monitored.
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