Explode isn't quite the right word, but the effect is explosive and penetration drops to only a few inches.
I don't know what alloy Cast Performance uses, but am sure antimony content is far to high for a cast bullet to hold together with 2600 fps impact velocity.
To get good results at that speed, it is mandatory to reduce antimony content to about a half percent, which would be wheel weight metal with 1% tin added, and diluted with 2 parts pure lead. This will heat treat to 14 to 16 bhn real easy and at that hardness and low antimony content, the bullets will expand quite well and not break down into tiny particals. (This is what is called blowup.)
The strongest bullet one can make for high velocity impact will be at 16 bhn with the lowest antimony content possible to get that hardness..
If antimony content exceeds 1% which is about what wheel weights contain, and hardness is 20 bhn or harder. by quenching or heat treatment, smaller caliber bullets, like 32 cal and under will withstand impact speeds up to 2800 fps and penetrate deeply, IF AMBIENT TEMPERATURE IS NOT BELOW ABOUT 10 DEG F. At 0 deg F, they will shatter to powder on impact, and the larger the caliber the lower velocity must be to prevent shattering.
Softnoses do cushion the impact dramatically, and slowing the hard shank down to well below the shatter point, if the softnose is large enough and made fairly hard, like 20-1 lead tin, NO antimony in the softnose.