EDGE plunges 70% in sharp sell-off

EDGE, the native token of decentralized derivatives exchange EdgeX, plunged by about 70% in a sharp sell-off, according to CoinNess market monitoring. The decline, which began after 9:00 p.m. UTC on June 1, saw the token fall as much as 70.29% to a low of $0.3294 on OKX, dropping below the $0.4 mark. EDGE has since recovered slightly and is currently trading at around $0.4724.