🚨 $EDGE Token CRASHES 70% in Hours — EdgeX Launches Full Investigation 💥
Chaos in the EDGE ecosystem.
The EDGE token suffered a brutal 70% crash overnight, plunging from stable levels and briefly dropping below $0.40 on June 1 around 9:00 p.m. UTC. The token has since partially recovered and is currently trading around $0.64.
What We Know:
• EdgeX (the team behind the project) has confirmed they are actively investigating the massive sell-off.
• The project has urged the community to avoid unverified speculation and wait for official updates.
• Heavy volume and rapid liquidation cascades appear to have triggered the steep decline.
Such violent 70% drops are rare even in crypto and often spark rumors of rugs, exploits, or large whale exits. However, EdgeX has stated they are looking into the matter and will provide more information soon.
Reminder: Tokens that experience extreme volatility like this carry very high risk. Always do your own research and never invest more than you can afford to lose.
DYOR!!!!
• Extreme volatility & downside risk remain
• Only use risk capital you can afford to lose 💀
What do you think caused the $EDGE crash? Rug, whale dump, or something else? Drop your thoughts 👇
