Shutdown Sparks Surge: EDEN Token Explodes After Altcoin’s Announcement

Despite the news of Eden Network (EDEN) shutting down its services due to operational challenges, the token experienced a surprising surge in value. The company cited difficulties in maintaining a position in the highly competitive MEV market landscape as the reason for the decision. 2,000 ETH from the network’s treasury will be distributed proportionally to EDEN holders, with a buyback period open until September 30th at 23:59 UTC.