Edel Finance Under Fire for Token Obfuscation, EDEL Token Value Plummets

Blockchain analysis firm Bubblemaps has accused Edel Finance of using hidden wallets to acquire 30% of its token supply during a recent offering. This action led to a significant decline in the EDEL token price, dropping by approximately 62%, raising concerns about transparency within the DeFi space. Edel Finance disputes these claims, explaining that they planned to acquire 60% of tokens through a vesting contract, but the accusations highlight potential risks associated with opaque token distribution practices.