đ„ Whale Radar Alert đ„
3 Hidden Perp DEX Tokens Quietly Accumulating Before a Breakout (October 2025) đ„âŒïž
The Perp DEX sector is heating up fast â September volumes crossed $1.1T đ, proving traders are hungry for leverage + on-chain exposure. But while the crowd chases majors, whales are quietly scooping up 3 low-cap gems (all < $50M) flashing early bullish signals. đ
⥠1. Adrena ($ADX ) â Solanaâs Dark Horse đ
Built on Solana, fast & open-source perpetual exchange.
Whale wallets â 0.87% while exchange reserves â 3% (Sept).
Daily fees recently spiked, ranking #2 Solana derivatives DEX.
đ Market cap still under $40M = massive asymmetry.
đč 2. Perpetual Protocol ($PERP ) â The Reversal Play đ
Current market cap: ~$22M.
Exchange reserves plunged 15.6%, while top holders â 7.8%.
Chart structure breaking away from lower lows â early bull signal.
đ Analysts eye potential +100â130% upside into Q4.
đ„ 3. Bluefin ($BLUE ) â The Buyback Catalyst đ
Suiâs top Perp DEX, ~$39M market cap.
Generates $13.6M annual revenue, with 25% ($3.4M) going into token buybacks.
Buyback pressure = supply squeeze.
đ Price could push above $0.20 if trend continues.
â ïž Note: These are high-volatility small caps, but whale behavior + tokenomics + accumulation patterns suggest the next Perp DEX breakout wave is quietly forming right now.