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🔥 $EDGE Crashes 70% Overnight – When You Choose the Wrong Civilization
While $HYPE is making new ATHs, $LIT is up over 40%, and $ASTER continues to hold strong, $EDGE — a Singapore-based project with a large Korean user base — suddenly plunged in the early hours of today.
What's even more surprising is that EdgeX currently ranks among the top perpetual exchanges, sitting in the top 5 by trading volume and top 4 by revenue.
The platform had already faced heavy criticism over its airdrop, which many traders considered disappointing despite supporting the exchange since its early days. A large number of users spent months farming points only to end up losing money.
The team has since posted an update, saying they are investigating the incident and asking the community for patience.
After hitting a low near $0.30, $EDGE has partially recovered and is now trading around the $0.6x range.
P/S: Imagine being a Korean trader who mortgaged your house, maxed out your credit cards, and went all-in on $EDGE—only to wake up and see your portfolio down 70%. At that point, it probably feels like nothing more than a nightmare.