Important update on $EDEN 💫
The top 10 wallets currently control nearly 88% of the total supply, while another 5%+ token unlock is approaching soon 🔓
That level of concentration creates a highly volatile setup where whales can easily manipulate short-term price action.
Right now, most traders appear heavily positioned on the short side, which increases the chances of a stop-loss hunt before any real downside continuation. A sudden squeeze upward could liquidate overleveraged shorts and create fake bullish momentum.
My strategy: opening a SHORT position cautiously and planning to add more margin if the price pushes higher. Risk management is key here because volatility around unlock events can become extremely aggressive. Always avoid overleveraging and wait for confirmation before scaling in.$ETH