EDEN Project Analysis: Price Increase and Buyback Mechanism Clarification
TL;DR
After in-depth research, it was found that the 130%+ increase in EDEN tokens and the buyback mechanism corresponded to two different projects : Eden Network EDEN did see a 137% increase on October 21, but the buyback mechanism belonged to the OpenEden project , and the two were not directly related.
Price Performance Analysis
Eden Network EDEN increase details
| date | Opening price | Highest Price | Lowest Price | Closing price | 24h increase | Market capitalization |
|---|---|---|---|---|---|---|
| October 20 | $0.0100 | $0.0237 | $0.0100 | $0.0237 | +137% | $3.8M |
| October 21 | $0.0237 | $0.0237 | $0.0209 | $0.0224 | -5.5% | $3.6M |
| October 22 | $0.0224 | $0.0224 | $0.0209 | $0.0209 | -6.7% | $3.3M |
Key findings :
- Increase confirmed : Eden Network EDEN did increase by 137% on October 21, which is consistent with the description of "over 130%".
- Very low trading volume : The average daily trading volume is only $50-370, which is a low-liquidity speculative behavior
- Subsequent decline : After the increase, the price continued to decline, and as of October 25, it had fallen back to $0.0150 (-37%).
Technical Analysis
As a retired MEV protection project, Eden Network’s token lacks fundamental support:
- Project status : Operations announced to cease in 2021
- Circulating Supply : 159M EDEN, fully released
- Liquidity risk : extremely low trading volume is easily manipulated
Analysis of the repurchase mechanism
OpenEden Buyback Program Details
OpenEden (a project that actually has a repurchase mechanism) is an RWA tokenization platform that focuses on the tokenization of US Treasury bonds:
Repurchase mechanism structure :
- Source of funds : Protocol income (treasury bond income, handling fees) + Treasury reserves (15% token allocation)
- Execution method : Buy back EDEN tokens from the open market and then destroy or stake them to the xEDEN contract
- Goal : Reduce the circulating supply and support the stability of token value
Key developments in October :
- October 15 : S&P assigns TBILL a dual rating (AA+f credit rating), boosting the protocol's revenue potential.
- October 24 : The OpenEden Foundation released details on the token buyback process, clarifying the deflationary mechanism of "increasing the total locked EDEN amount"
On-chain data verification
Eden Network Activity Analysis
Trading activities :
- Total trading volume: $1,022 (6-day total)
- Coin holding addresses: 4,211 (basically unchanged)
- Large transactions: No transactions exceeding $100
Key conclusions :
- No evidence of buyback : On-chain data shows no large purchases, destruction, or abnormal capital inflows
- Speculative nature : The 137% increase is purely short-term speculation under low liquidity.
Project Comparison
| feature | Eden Network | OpenEden |
|---|---|---|
| Token Symbol | EDEN | EDEN |
| Project Status | Retired (2021) | Active operations |
| Market capitalization | $2.4M | $215M |
| Buyback mechanism | ❌ None | ✅ Yes |
| October performance | +137% price fluctuation | Repurchase plan announced |
in conclusion
Separating Price from Mechanism : The market narrative of "EDEN buyback + 130% price increase" is actually a conflation of two separate events. Eden Network's price speculation is unrelated to OpenEden's buyback mechanism . Investors should distinguish between different EDEN projects to avoid misjudgments that could lead to confusion.
Risk Warning : Eden Network EDEN is a legacy token from a retired project. It carries a high risk of sudden price fluctuations due to its extremely low liquidity. Pursuing price increases is not recommended.