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This wave is purely a pump and dump, chasing the high now will only get you killed.
Brothers, don’t be fooled by this 32% increase!
Today’s surge in EDGE looks fierce, but it’s actually all traps.
You can see it clearly from the candlestick chart: from 0.75 to a high of 0.9777, almost a 30% jump in one go. Now with high volume and stagnation at the top, it’s obvious that the main players have finished pumping and are preparing to run. If you rush in now, you’re just taking the last bag for them, becoming the last fool.
Looking at the project itself, the Definitive DeFi platform is hyped up with all sorts of claims—cross-chain trading, optimal routing—basically just a DEX aggregator. What’s the current state of the DEX scene? 1inch, Uniswap, and other giants are competing fiercely. What kind of waves can a small platform make?
And just because the team is all from Coinbase—so what? Many people who leave Coinbase fail at startups. That’s not a moat. Funding rounds from 2022 and 2024 are old news. Using them as hype now is just a way to lure retail investors and make the main players exit smoothly.
Looking at the data: 24-hour trading volume is 515 million, with a turnover of 408 million. It looks active, but it’s mostly short-term funds playing games. The long/short ratio is 1.08, with only 51.84% bullish, so there’s no sustained buying support. This rally is purely driven by capital manipulation, with no fundamentals backing it. The more it surges, the harder it will fall.
Currently priced at 0.93, just one step away from the high of 0.9777—this is the main players enticing more buyers! You think it’s a breakout to jump in? Actually, they’ve set a trap for you. Next, it could plummet in a waterfall decline—down to 0.8, 0.7, or even back to the starting point of 0.6 is not impossible.
Take my advice: don’t chase the high now. Those holding should cut their losses and exit quickly.