Arkham: EdgeX Airdrop Allegedly Nearly Half Went to Partners and LPs

SmartContractAuditor · 2026-04-01T03:11:07+00:00

Arkham on Platform X states that 69.5% of EdgeX's supply is stored in the initial developer wallet, with only about 9.5% actually in circulation. Although claiming an airdrop of $195 million, the project team admits that 14% of the supply is allocated to partners and liquidity providers, with an actual distribution valuation of approximately $94.6 million.

SmartContractAuditor

2026-04-01 03:11:07

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Odaily Planet Daily reports that Arkham posted on the X platform that EdgeX currently has about 69.5% of its supply stored in addresses that have directly received transfers from the initial developer wallet, and some of it may belong to market makers, with potential future transfers to exchanges. Another 7% of the supply is still kept in the airdrop wallet but has not yet been allocated, suggesting that the current actual circulating proportion is only about 9.5%. EdgeX has nominally 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, which is about $94.6 million at current valuations—almost half of the total airdrop amount.

EDGEX21.37%

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