/
EdgeX’s token crashes 70%, ZachXBT demands answers
Jun 2, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
Share:
AI Overview
Blockchain investigator ZachXBT has publicly challenged EdgeX's claim that external manipulation caused its EDGE token to lose about 70% of value on June 1, and the project's community has likewise rejected the explanation. The episode adds to a trend of low-float token volatility and highlights crypto market and security risks around manipulation, tokenomics and adoption that can hurt token performance and investor confidence.
Bearish
Predictions Markets
See what traders are focused on
Blockchain investigator ZachXBT has called out EdgeX over its claim of external manipulation as the cause of its token, EDGE, losing around 70% of its value on June 1. ZachXBT is not alone in his criticism, as the project’s own community is also not buying EdgeX’s explanation. The saga joins a growing list of low-float...
In This News
Coins
$ 0.0707
-1.02%
$ 0.396
-11.4%Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 0.0707
-1.02%$ 0.396
-11.4%Predictions Markets
See what traders are focused on
Share: