✔️Summary of the Reality of the EdgeX Airdrop: "The Truth Behind the $195 Million" On-chain tracking results suggest that a significant portion of the massive airdrop claimed by EdgeX was allocated to internal stakeholders and partners rather than general users. 1️⃣ Summary of Key Figures Public Airdrop Size: $195 million ($195M) Actual Partner/LP Allocation: 14% ($94.6M) of the total airdrop went to 'Partners and Liquidity Providers (LPs)' rather than general users. (Effectively, this represents half of the airdrop's value) Developer Controlled Portion: 69.5% of the total supply remains locked in wallets that received it directly from the initial developer wallets. Undistributed Portion: 7% of the supply still remains in the airdrop wallets, posing a risk of further dumping. Actual Circulating Supply: The actual circulating supply currently released into the market is only about 9.5% of the total. 2️⃣ Issues Based on On-Chain Analysis (Intellectual Sparring) Lack of Transparency: EdgeX belatedly admitted that 14% was partner volume only after on-chain detectives identified and interrogated new wallets exhibiting similar behavioral patterns. Potential Selling Pressure: Wallets holding 69.5% are highly likely to be owned by Market Makers (MMs), which are a 'time bomb' capable of being deposited into exchanges at any moment to trigger a price crash. Circulating Supply Distortion: It is highly probable that the market capitalization is inflated while the actual circulating supply is less than 10% (Low Float, High FDV structure). ❗️Caution: MMs are aware that their wallets are already heavily exposed, so they may send tokens to CEXs as bait. Source