Key facts
- EdgeX exchange's token supply was allegedly controlled by a few insiders.
- The token is described as having a low float.
- Concerns about transparency and market manipulation are raised.
Allegations of insider control and low float in cryptocurrency token supply can lead to significant price volatility and raise questions about the fairness of the market. Such practices often precede or are associated with 'rug pulls' or other forms of market manipulation, where early holders or insiders profit at the expense of later investors.