EDGE Token Falls 45% in 24 Hours; edgeX Blames Manipulation, Analyst Questions Token Structure

According to edgeX and on-chain investigator ZachXBT, the EDGE token fell 45% to $0.6474 on Tuesday (reaching an intraday low of $0.3663, down roughly 70% at session low). The decentralized exchange blamed the collapse on "deliberate" market manipulation by an unnamed external party and said its platform had not been compromised.

ZachXBT disputed the claim, pointing instead to EDGE's token structure: only 350 million of 1 billion total supply currently circulates, giving insiders control over two-thirds of the supply and making the token vulnerable to extreme volatility when liquidity is thin. He called on edgeX to publicly disclose market-maker agreements and counterparties linked to the crash.