EDGE (edgeX) fluctuated 40.6% in 24 hours: Buyback injection and high trading volume drive rebound
Bitget Pulse2026/04/03 09:02Volatility Overview
In the past 24 hours, the price of EDGE rebounded from a low of $0.6649 to a high of $0.9347, currently trading at $0.928, with a price swing of 40.6%. The 24-hour trading volume surged to approximately $91.34 million, significantly higher than the previous day. The Vol/Mkt Cap ratio reached 31.49%, indicating increased market activity.
Brief Analysis of Price Drivers
- Platform Buyback Program Launch: edgeX announced the full launch of the EDGE token buyback program, with around $1 million in buybacks executed in the past 24 hours. The treasury has also transferred an additional $50 million in stablecoins to support liquidity and buybacks, directly offsetting selling pressure.
- High Trading Volume and Listing Momentum: 24-hour trading volume exceeded $91 million, with recent spot listings on Bybit, KuCoin, and other exchanges injecting liquidity. Following futures listings, the price jumped up to 37%.
- On-chain Fund Movements: Treasury stablecoins were transferred to exchanges to support buybacks. While whale holdings remain concentrated, no large-scale selling has been observed in the short term.
Market Perspectives and Outlook
Community sentiment is divided. After the TGE, some users questioned internal allocations (26 new wallets received 14% of the supply), causing FUD. However, the buyback and potential listings on Binance/Upbit have boosted bull confidence. Traders are optimistic about short-term support above $0.90; risks include supply unlocks and competition among perp DEXs.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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