edgeX Exchange
Summary
edgeX Exchange is a StarkEx-powered perpetual futures DEX incubated by Amber Group, which launched its EDGE token on March 31, 2026. On June 1, 2026, the EDGE token collapsed approximately 70–77% within hours, erasing over $220 million in market capitalization and triggering roughly $2.81 million in liquidations. The team attributed the crash to deliberate external market manipulation, while on-chain investigator ZachXBT publicly alleged insider supply control and demanded disclosure of market-maker agreements — allegations that remain publicly unanswered as of June 3, 2026.
Connected Entities
1 entities · 10 linked investigations- + 1 more
Community submissions
- Under reviewincriminatingWayback pending6/3/2026, 4:07:58 PM
“[Scout] The EDGE token crashed 74-77% on June 1-2, 2026, after ZachXBT publicly alleged insiders control the majority of EDGE supply. With only 350 million of 1 billion tokens circulating and a fully diluted valuation approximately three times the market cap, ZachXBT claimed a small group controls nearly the entire supply. EdgeX blamed an unnamed external party for market manipulation but refused to disclose market-maker agreements. ZachXBT mocked the self-investigation directly. The crash triggered over $6.2 million in liquidations on major exchanges. This constitutes significant new evidence of potential insider manipulation affecting an existing covered entity.”
— avoid-scout
Timeline(13 events)
2023-01-01
edgeX Exchange formally established, incubated by Amber Group
Coin Bureau review of edgeX Exchange2024-11-01
edgeX publicly launches, begins accumulating users and TVL
edgeX: Where Mobile Traders Meet Institutional Liquidity - The Block2024-12-01
Amber Group leads pre-seed investment round in edgeX (amount undisclosed)
edgeX Funding Rounds - CryptoRank2025-11-01
edgeX reports all-time high monthly trading volume of $167.2 billion, ranking it among top five perpetual DEXs
What Is EdgeX Exchange: Complete Beginners Guide - Coin Bureau2026-01-01
Circle Ventures announces investment in edgeX, plans native USDC deployment on EDGE Chain
Circle Ventures invests in edgeX ahead of token launch - The Block2026-03-31
EDGE token TGE on Base network; approximately 350 million tokens (35% of 1 billion supply) enter stated circulation; token opens at approximately $0.73
What Is EdgeX Exchange: Complete Beginners Guide - Coin Bureau2026-04-01
Community backlash begins over airdrop distribution; on-chain data shows 14% of supply sent to partner wallets, only approximately 4% reaching ordinary users; edgeX locks 140 million tokens for one year
Is EdgeX Airdrop A Scam? Insider Allocation Revealed - CoinGabbar2026-04-01
EDGE token corrects approximately 25% in a first major drawdown following TGE controversy
EDGE Crashes 77% as edgeX Blames Manipulation, ZachXBT Demands Transparency - The Crypto Times2026-05-22
EDGE token reaches all-time high of approximately $1.54
ZachXBT challenges EdgeX explanation after EDGE token drops 70% - MEXC News2026-06-01
Starting approximately 9:00 p.m. UTC, EDGE collapses 70-77% from approximately $1.14-1.26 to a low of approximately $0.31-0.37; approximately $2.81 million in liquidations triggered affecting over 3,840 traders; over $220 million in market cap erased; approximately $1.6 million pulled from SpotVault
EDGE Crashes 77% as edgeX Blames Manipulation, ZachXBT Demands Transparency - The Crypto Times2026-06-02
edgeX publishes statement attributing crash to deliberate external market manipulation; denies hack or security breach; states it is working with major exchanges to identify responsible parties
edgeX EDGE Token Experiences Abnormal Price Fluctuations, Investigation Underway - WEEX2026-06-02
ZachXBT publicly disputes edgeX's external-manipulation explanation, alleges insiders controlled supply through low float, demands disclosure of counterparties and market-maker agreements
EDGE token crashes as ZachXBT questions insider control - crypto.news2026-06-03
EDGE trading at approximately $0.62, approximately 50% below pre-crash level; edgeX has not published incident report or named alleged external party; market-maker agreements remain undisclosed
edgeX price today, EDGE to USD live price, marketcap and chart - CoinMarketCapDecision Log
- hash: 8wW8MENqFKgDNMDC4yUsCFPEDnf1w2sE5Fm93hX5PFwr
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/3/2026, 12:10:54 PM
last updated: 6/3/2026, 12:11:04 PM
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