PANews reported on December 5th that blockchain analytics platform Bubblemaps published an article on the X platform stating that the Edel Finance team is still selling off. A team wallet associated with the sniper trade just transferred $175,000 worth of EDEL tokens to a CEX. The wallet address 0x4362 sent 4.3 million EDEL tokens to the deposit address of the LBank exchange last night. Previously, it was reported that Edel Finance's affiliated wallet had "snatched up" 30% of the token supply, but its co-founder denied the allegations .PANews reported on December 5th that blockchain analytics platform Bubblemaps published an article on the X platform stating that the Edel Finance team is still selling off. A team wallet associated with the sniper trade just transferred $175,000 worth of EDEL tokens to a CEX. The wallet address 0x4362 sent 4.3 million EDEL tokens to the deposit address of the LBank exchange last night. Previously, it was reported that Edel Finance's affiliated wallet had "snatched up" 30% of the token supply, but its co-founder denied the allegations .
Bubblemaps: Edel Finance team appears to have transferred $175,000 worth of EDEL to a CEX.
PANews reported on December 5th that blockchain analytics platform Bubblemaps published an article on the X platform stating that the Edel Finance team is still selling off. A team wallet associated with the sniper trade just transferred $175,000 worth of EDEL tokens to a CEX. The wallet address 0x4362 sent 4.3 million EDEL tokens to the deposit address of the LBank exchange last night.
Previously, it was reported that Edel Finance's affiliated wallet had "snatched up" 30% of the token supply, but its co-founder denied the allegations .
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Vanguard Reverses Crypto ETF Ban, Triggers $200 Billion Market Surge
The post Vanguard Reverses Crypto ETF Ban, Triggers $200 Billion Market Surge appeared on BitcoinEthereumNews.com. // News Reading time: 2 min Published: Dec 05, 2025 at 15:43 The dramatic surge was attributed to the world’s second-largest asset manager, Vanguard Group, reversing its long-standing ban on trading crypto Exchange-Traded Funds (ETFs). The cryptocurrency market experienced a massive, unanticipated rally on December 3rd, with Bitcoin (BTC) smashing through the $93,000 level and the total crypto market capitalization adding over $200 billion in value within 36 hours. The “Vanguard Effect” and institutional green light Vanguard, which had previously held a staunch anti-crypto stance, citing it as “speculative” and unfit for long-term portfolios, announced it would now allow its clients to trade various Spot Bitcoin, Ethereum, Solana, and XRP ETFs on its platform. This reversal effectively opened the gates for millions of conservative retail and institutional investors to gain exposure to digital assets through one of the most trusted names in passive investing. The “Vanguard Effect” was immediately amplified by other major financial institutions: Bank of America’s Merrill Lynch followed suit by allowing over 15,000 of its financial advisors to recommend a small (1% to 4%) allocation to crypto ETFs for suitable wealth management clients. BlackRock’s IBIT ETF recorded one of its highest trading volumes to date, crossing the $1 billion mark in a single day. Market mechanics The sudden, unexpected institutional buying pressure, combined with forced buying from short-sellers, triggered the liquidation of over $360 million in leveraged short positions. This short squeeze further accelerated BTC’s price past key resistance levels, driving Ethereum (ETH) above $3,000 and boosting other major altcoins. The news signifies the final collapse of the traditional finance industry’s resistance to crypto, confirming that the asset class is now firmly entrenched in the mainstream investment ecosystem. Disclaimer. This article is…
Share
BitcoinEthereumNews2025/12/05 23:58
Unveiling the Truth: Why Cloud Mining Will be The Biggest Scam of 2025—and why Smart People Are Turning to lower-risk Poain Blockchain Contracts.
Cloud mining scams dominate 2025 losses as fake platforms vanish so investors shift to verified Poain blockchain contracts offering transparent safer returns.
Share
Blockchainreporter2025/12/06 00:40
Why Decentralized Exchanges are the Future of Crypto Trading
Why Decentralized Exchanges are the Future of Crypto Trading
The cryptocurrency phase is quite versatile; the evolution of trading has been trem
Share
Medium2025/12/06 00:40