An on-chain detective has stepped in. The project team claims they’re not hackers, but the price has already been slashed again and again—yet the TVL is still propping itself up. How is this story going to end?

EDGE experienced a significant drop on June 2nd, citing abnormal market activity from an unnamed external party, with on-chain investigator ZachXBT questioning supply control. The price fell from approximately $1.20 to $0.36, now around $0.64, down about 46% in 24 hours, with trading volume surging. Edgex stated they are investigating, and it was not a hacking attack. Defillama shows it remains an active derivatives platform, with total locked value around $134.8 million, and 24-hour perpetual trading volume approximately $21.7 billion.