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EDGE Token Slides to ~$0.40 on June 1 as ZachXBT Challenges edgeX's Explanation
EDGE fell to an all-time low of around $0.40 on June 1 after previously reaching $1.54, with the move erasing about 51% in a single day and sparking roughly $6.2 million in liquidations. edgeX said the protocol was not compromised and blamed suspected external market manipulation, while on-chain researcher ZachXBT questioned the token's supply concentration and criticized the project's self-investigation.
EDGE
EDGE-7.64%
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TON Foundation Rebrands Toncoin as "Gram", Targeting Telegram's 900M Monthly Users
The TON Foundation is renaming its native token from Toncoin to Gram, reviving the label tied to Telegram's 2018 blockchain effort and aiming at Telegram's 900 million monthly active users. The foundation says the move is branding-only with no token swap, migration, or new issuance, and it will roll out over about three weeks across wallets and apps. After the announcement, TON rose 19% to around $2.21 before easing back toward $2.00.
BTC
BTC-4.04%
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Solana SIMD-547 proposal would add per-transaction base fees to burn more SOL
Pseudonymous Solana developer cavemanloverboy introduced SIMD-547 on Saturday, proposing a new transaction base fee that would be burned to reduce SOL inflation. Some estimates say the change could lift daily SOL burn from 648 SOL to 10,800–64,800 SOL and potentially turn issuance deflationary if activity rises about 25x. The idea has support from Solana co-founder Anatoly Yakovenko, while SOL Strategies CEO Michael Hubbard warns higher costs could hurt emerging institutional and AI-related use cases.
SOL
SOL-5.55%
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LAB hits $16.23 all-time high on June 1 as 95% supply-control claims fuel volatility warnings
LAB, a token tied to an AI trading terminal project, reached a new all-time high of $16.23 on June 1 after trading near $7.31 about 24 hours earlier. The move pushed weekly gains above 250% and helped trigger more than $19 million in liquidations, while the token briefly entered CoinGecko's top 20 by market cap. Investigators and commentators on X warned that concentrated ownership and an upcoming token unlock could amplify volatility.
LAB
LAB-26.81%
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