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EDGE plummets, and edgeX's holdings decrease by nearly 40%, with the platform claiming suspected market manipulation

WuSaidBlockchainW
Wu Shuo learned that, according to DeFiLlama data, after the platform token EDGE experienced a sudden sharp decline, the edgeX platform's holdings have dropped from $840 million at the end of May to approximately $520 million now, a decrease of nearly 40%.
Previously, edgeX stated that the price fluctuation of its platform token EDGE was suspected to be caused by deliberate market manipulation by specific external entities.
EDGE-7.61%
EDGEX-16.44%
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GateUser-e5e2e632
· 8h ago
If it's said to be manipulated by a specific entity, can't the on-chain addresses be made public? The community needs transparency.
View OriginalReply0
GateUser-744c843b
· 10h ago
edgeX's response was quite quick, but users are more concerned about whether the money can be recovered.
View OriginalReply0
GateUser-4e0e3bcf
· 10h ago
When the platform token crashes, TVL follows suit; the trust foundation of DeFi is still too fragile.
View OriginalReply0
GateUser-b4b056d3
· 10h ago
Position halved, who can withstand this?
View OriginalReply0
GateUser-23bf1070
· 10h ago
With nearly a 40% decline, should market makers and clearing mechanisms review their processes?
View OriginalReply0
AuroraStone
· 10h ago
Now that DEX competition is so fierce, a single black swan event could cause you to fall behind.
View OriginalReply0
SushiLatency
· 10h ago
External entities manipulating? Report to the police if there's evidence; if not, it's just shifting blame.
View OriginalReply0
VintageKeychain
· 10h ago
840 million → 520 million, over 300 million evaporated in forty days, the DEX track is truly a tale of two extremes now
View OriginalReply0
PaperhandsPoet
· 10h ago
EDGE's decline method, claiming market manipulation, but what about risk control?
View OriginalReply0
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