#EDGE (layerEdge) It is building a decentralized internet But has experienced a decline of 8.91% in the last 24 hours, along with profit-taking by informed participants. Despite this, community sentiment remains positive, which suggests an underlying resilience.
1.1. Recent performance: EDGEN has experienced a decline of 8.91% in the last 24 hours, with a total daily volume of 5066.62.
1.2. Smart Money Activity: KOs and Smart Money have generated profits, with KOLs selling 1018.78 and Smart Money selling 1364.71, indicating a reduction in their positions.
1.3. Underlying Risks: The token contract carries risks due to mineable and upgradable features, which could affect its supply and rules.
2. Risks
2.1. Price Drop: The token has experienced a drop of 8.91% in the last 24 hours, indicating recent bearish sentiment.
2.2. Smart Money Exit: KOs and Smart Money have realized profits in previous trades, with KOLs selling 1018.78 and Smart Money selling 1364.71, suggesting a reduction in their exposure.
2.3. Contractual Risks: The token contract has identified risks, including a mineable function that allows for an increase in the total supply, and upgradable contract features that could alter the token rules.
Community Sentiment
1. Perception of Price Stability: Community discussions highlight the stable movement of EDGEN with a minimal change of 0.08% and a volume of 4.67K during a red market, suggesting a perception of strength and balance.
