EDGE Token Plunges 74% Triggering $6.28M in Liquidations as ZachXBT Questions Manipulation Claims
10d ago· 2 min readenNews
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Summary
EDGE token experienced a dramatic 74% price crash, falling from $1.15 to as low as $0.37 before partially recovering to ~$0.65. The sell-off triggered $6.28 million in total liquidations, with long traders losing $4.83 million. On-chain investigator ZachXBT questioned market manipulation claims surrounding the crash. The edgeX team denied any security breach in response to community concerns.
Key quotes
· 4 pulledEDGE suffered a sell-off over the past 24 hours, falling from $1.15 to around $0.65.
The decline triggered heavy liquidations across derivatives markets.
Data from Coinglass shows total liquidations reached approximately $6.28 million during the period, with long traders taking the biggest hit at $4.83 million.
As concerns spread across the community, the edgeX team moved quickly to address speculation.
EDGE suffered a sell-off over the past 24 hours, falling from $1.15 to around $0.65. The token briefly plunged as low as $0.37 before recovering part of its losses, but selling pressure remains. The decline triggered heavy liquidations across derivatives
