Sniping or Tactics? Edel's Token Release Ignites Discussion on DeFi Equity
- Edel Finance-linked wallets allegedly bought 30% of EDEL tokens via bot-driven "sniping" tactics, sparking DeFi fairness concerns. - The $11M acquisition involved 160 wallets funded through Binance/MEXC, with half distributed to 100 secondary wallets linked to MEXC. - Despite co-founder's defense of the strategy, EDEL's market cap dropped 62% as governance transparency and tokenomics centralization drew criticism. - The incident highlights risks in rapid token launches and regulatory scrutiny amid growin
Wallets associated with Edel Finance have come under investigation after reportedly securing 30% of the EDEL token supply during its launch on November 12,
Bubblemaps revealed that these wallets received
The EDEL token, which supports a lending platform for tokenized stocks and real-world assets (RWAs), has seen its market value fall to $14.9 million,
The sniping controversy brings to light widespread concerns about how tokens are distributed in the crypto industry. While some believe that early adopters using bots are simply part of market behavior, others argue these strategies are unfair and manipulative. This discussion is especially relevant in DeFi, where decentralization is a fundamental value.
Edel’s co-founder has yet to elaborate on the token allocation process, leaving the community to speculate about the company’s motives. At the same time, the project’s tokenomics—featuring a total supply of 1 billion EDEL and a circulating supply of 1.4 million—point to significant centralization at launch
This dispute adds to a turbulent year for tokenized assets, both in terms of regulation and market activity. In October, Ondo Finance expanded its tokenized products to the
As the cryptocurrency sector evolves, incidents like this are likely to impact investor confidence and attract regulatory attention. For now, Edel Finance’s response to these issues and its commitment to transparency will be crucial in shaping its future within the DeFi landscape.
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
Ethereum Updates: Ethereum Drops to $2,800, Prompting Surge in Demand for ZKP's Hardware-Based Presale
- Ethereum's price fell below $2,800, triggering $6.5M liquidations and testing critical support levels amid declining on-chain demand metrics. - Institutional players like BitMine accumulated 3.62M ETH (~$10.4B) despite the selloff, signaling long-term bullish conviction. - ZKP's hardware-driven presale gained traction with $17M in ready-to-ship Proof Pods and Miami Dolphins partnership for privacy-focused sports analytics. - Mutuum Finance's $19M DeFi presale and ZKP's auction model with $50K wallet caps

Vitalik Buterin Supports ZKsync: What This Means for Layer 2 Scaling
- Vitalik Buterin endorsed ZKsync in late 2025, highlighting its "underrated and valuable" work alongside the Atlas upgrade achieving 15,000 TPS and $0.0001 fees. - ZKsync's zero-knowledge rollups and EVM compatibility enabled institutional adoption by Deutsche Bank , Sony , and Goldman Sachs for cross-chain and enterprise use cases. - The Fusaka upgrade aims to double throughput to 30,000 TPS by December 2025, positioning ZKsync to compete with Polygon zkEVM and StarkNet in Ethereum's Layer 2 landscape. -

The ZK Atlas Enhancement: Revolutionizing Blockchain Scalability?
- ZKsync's 2025 Atlas Upgrade achieves 15,000–43,000 TPS with sub-1-second finality, addressing Ethereum L2 scalability bottlenecks via Airbender proofs and modular OS. - DeFi protocols like Aave and Lido leverage ZKsync's $0.0001/tx costs to unify liquidity, while Deutsche Bank and Sony adopt its trustless cross-chain infrastructure for compliance and transparency. - ZK token surged 150% post-upgrade, with TVL hitting $3.3B and analysts projecting 60.7% CAGR for ZK Layer-2 solutions by 2031 amid instituti

XRP News Update: XRP ETFs Spark Optimism—Is $1,115 Within Reach?
- XRP's price surge to $2.20 is driven by ETF launches, with $422M inflows from Franklin Templeton and Grayscale. - Technical indicators suggest a potential $2.50+ rally if support at $1.84 holds, with long-term forecasts reaching $26.50 by 2030. - Institutional adoption of Ripple's ODL and Ripple USD's $1B+ market cap highlight growing utility beyond remittances. - Regulatory clarity post-SEC ruling and macroeconomic factors remain critical for XRP's $1,115 potential in ultra-bullish scenarios.
