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.