‘We Investigated Ourselves’: ZachXBT Slams EdgeX After Sudden Token Collapse
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EDGE token fell to an all-time low of about $0.40 on June 1, less than two weeks after an ATH of $1.54, losing roughly 51% in a single day. The crash triggered over $6.2 million in liquidations on major exchanges and prompted on-chain researcher ZachXBT to allege insider manipulation, underscoring token price volatility, exchange liquidations, and security risks for traders and DeFi participants.
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The EDGE token collapsed to an all-time low of around $0.40 on June 1, less than two weeks after it hit an all-time high of $1.54.
The crash wiped off about 51% of the token’s value in a single day, triggering more than $6.2 million in liquidations across major exchanges and drawing immediate accusations of insider manipulation from on-chain researcher ZachXBT.
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In This News
Coins
$ 0.0689
-0.85%$ 0.403
+8.13%Predictions Markets
See what traders are focused on
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