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Arkham: Nearly half of the EdgeX airdropped tokens go to partners and LPs, with only about 9.5% actually circulating.
Mars Finance reports that on April 1, Arkham disclosed that EdgeX ostensibly airdropped about $195 million to users, but after on-chain analysts questioned it, the project team admitted that 14% of the total supply was actually allocated to partners and liquidity providers—valued at approximately $94.6 million based on current valuations, which is close to half of the total airdrop amount. Arkham also said that currently about 69.5% of the tokens remain in developer-related wallets, and another 7% has not yet been distributed, suggesting the actual circulating ratio is only about 9.5% right now.