DTX Exchange Token Skyrockets 800% – Listing Price Set to $0.36

While the Ethereum price is moving, DTX Exchange's presale is turning heads. Its token skyrocketed 800% to $0.18, fueled by 700000 holders betting on its hybrid trading model.

The Ethereum price slid further on Wednesday, testing the $2,400 zone as the token slid 11% this week. Its market cap, meanwhile, shrunk by $289 billion.

The price slid further to $2,418 by 11:48 p.m. ET.

This comes as several U.S. ETFs tracking Ethereum saw outflows this month, with one ETF reporting over $78 million in outflows in a single day. The move accelerated selloffs, especially as traders grew weary of stagnant prices.

Several analysts have now grown bearish on the Ethereum price, especially as institutional confidence in the token appeared to be waning.

“The ETF outflows will create a domino effect. Until we see macro trends improve, ETH faces an uphill battle,” said one derivatives trader.

However, the token has tested the $2,300 support zone before, and it could rebound from here. Several retail traders are also entering the market, with on-chain activity spiking in recent days despite whale exits.

“DeFi and NFT ecosystems still anchor ETH’s value. Long-term holders know this isn’t 2018.” crypto analyst LindaPeng said on X, formerly Twitter.

But several major upgrades, including the long-awaited "merge" and the upcoming "surging" are facing delays, while layer-2 rivals like Arbitrum are quickly eating away at Ethereum’s market share.

Bitcoin also slid 4% in tandem, confirming that the broader market is struggling. However, ETH's struggles feel more unique. Unlike BTC, its roadmap is heavily reliant on tech upgrades that keep getting postponed.

If the $2,300 zone breaks, then analysts warn that we might see a grind lower toward $2,000 before bulls regroup.

Chainlink’s LINK slips 5% as token breaks 200-day MA

Chainlink’s LINK slid further on Wednesday, extending its 24-hour losses to 10%. The token slid to $14.75, trading down 41% for the month.

While LINK’s price action has been bleak, the token’s strength off-chain continues to grow. Its oracles now secure over $35 billion in assets, and its Cross-Chain Protocol is becoming the go-to for tokenizing real-world assets like property.

However, technically, LINK broke below its 200-day moving average and exchange reserves continue to thin.

“It’s still largely stuck in crypto’s gravity well,” said trader MarkJefferies. “Until we see ETF approvals or RWA adoption spike, expect LINK to mirror Bitcoin’s moves more closely.”

Meanwhile, DTX Exchange’s presale continues to turn heads. Its token soared 800% to trade at $0.18 on Wednesday.

The project has already raised $15.1 million ahead of its Q2 launch. It offers a hybrid trading platform with access to stocks, crypto, and ETFs, all powered by blockchain technology.

700,000 holders are betting on DTX for its triple-digit leverage, a perk not seen on any other major crypto platform. Early buyers will also double their money when DTX Exchange lists at $0.36.

“I've never seen presale energy like this since Ethereum's 2016 crowd sale vibes,” said crypto influencer JakeGCR.

Its token supports 200,000 transactions per second, making it ideal for the algo-trading crowd who get tired of network clogs.

With a capped supply of 475 million tokens, DTX also offers scarcity appeal to investors hunting the next big leap in the crypto space.

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