edgeX: EDGE Token Experiences Unusual Price Volatility, Investigation Underway
BlockBeats News, June 2nd, edgeX announced that they have observed sudden and abnormal price fluctuations of the EDGE token. They are currently actively investigating the cause. The team is urgently looking into the specific situation and will release an update as soon as the relevant information is confirmed. The official statement also reminds users to rely only on information released through official edgeX channels and to be cautious of unverified market speculation.
Earlier reports indicated that the edgeX platform's token, EDGE, experienced a "flash crash," plummeting over 77% to $0.315 before recovering to $0.751. The 24-hour price drop has narrowed to 41.13%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese Yen draws support from hot Tokyo CPI as USD bulls await US NFP report
A global bond market sell-off sweeps across the world, pushing the dollar to a 17-month high; the euro becomes the hardest-hit currency.
On Friday, the US dollar hovered near a 17-month high and is set to rise for the third consecutive week.
Japan’s Katayama says will beef up efforts to promote version of doge review of subsidies, funds
US Treasury Buys $6 Billion of Bonds as Bitcoin Battles 24-Year-High Yields
Crypto prices
More
