In the early hours of June 2, 2026, the EDGE token experienced a severe and sudden price dislocation, dropping approximately 71% from around $1.12 to a low of roughly $0.32 within approximately one hour, before recovering and stabilizing in the $0.63–$0.71 range.
We believe this was a deliberate and targeted attack. The perpetrator appears to have exploited a combination of factors: thin on-chain DEX liquidity during low-activity trading hours, high leverage in perps, and cascading CEX liquidity conditions, engineered to trigger a flash crash.
We are actively in communication with the relevant CEXs to obtain accurate data on market maker activity and liquidity conditions at the time of the incident. Here is what our team is doing right now:
- Gathering evidence and reconstructing the full sequence of events, because we owe that clarity to ourselves, our users, and the broader market.
- We have posted a 200,000 USDC on-chain bounty for anyone who can identify the entity or entities behind the attacking wallet addresses, or provide information that materially assists in that identification. Please open a discord ticket. https://t.co/MXmJRJz8Te
We will share updates as meaningful findings emerge.
We're grateful for all partners and users supporting us in this difficult time.
Clarification on the 14% airdrop allocation.
Within the next two hours, 141,658,500 $EDGE, 14% of total supply will be transferred to lockup wallets: https://t.co/lOZQBXHjQU
The lock-up will use an open-source contract built on OpenZeppelin's audited VestingWallet, locking tokens for 1 year.
Following the launch of the edgeX points program, the program attracted liquidity and large traders who provided liquidity and supported the platform’s early-stage growth. These participants took part in the program on the same basis as all other users, with the post-weighting distribution criteria applied consistently across all participants. Their resulting points balance reflected the scale of liquidity they contributed under the same program rules.
Those liquidity providers and partners, who were instrumental in our early growth, have demonstrated their conviction by agreeing to a one-year lock-up for tokens representing 14% of the total supply.
EDGE Chain by @EdgeX_Exchange is now live!
EdgeX is introducing a new onchain trading application: all-in-one mobile app for crypto perps, stocks, commodities, and prediction markets.
They chose the Arbitrum Platform for the same reason most sophisticated financial products do:
✅ Predictable, low-latency execution
✅ Deep, shared liquidity across the ecosystem
✅ Independent, customizable rails that scale with their business
Read more:
https://t.co/xOSn1ieyDM
Yo, who the hell is $MARU?
You’ve probably been staring at the chart and asking that.
MARU isn’t a suit, or a whale.
MARU is the everyday trader.
$MARU is used to incentivize real traders,
and gets burned (!) through trading activity.
In this thread, I’ll show you:
Trading as habit.
Trading as esport.
Trading as culture.
Maru Airdrop — First Distribution Complete ✅
The first $MARU airdrop for edgeX users has been successfully distributed. Huge thanks to everyone who supported edgeX in the early days.
This round included:
• Users with losses
• Trading contributors
• Active addresses
• Messengers & EpicSer holders
This is just the beginning. More airdrops will follow to reward active supporters and true contributors. Thank you for building with us. 🦭
Arf arf! 🦭
Hi Seal Friends, it's me, MARU!
Your one and only cute seal!
I heard you wanted to know more about the $MARU memecoin... 😉
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Check out all the details below! 👇