Owiinoo

On June 2, 2025, LayerEdge’s native token, $EDGEN, hit major exchanges like KuCoin marking one of the most anticipated listings of the year. Billed as a groundbreaking Layer-3 protocol leveraging Bitcoin’s security for zero-knowledge (zk) verification, $EDGEN promised to revolutionize decentralized apps with low-cost, scalable solutions. However, despite the hype, the token’s debut has left many traders and miners frustrated, with a shaky start that failed to match expectations. Here’s a breakdown of $EDGEN’s setup, its listing performance, and why the crypto community is buzzing with disappointment.
The Setup: A Bold Vision for zk-Powered Infrastructure
LayerEdge’s $EDGEN powers edgenOS, a zk-verification layer that transforms devices into verification nodes, enabling smart contracts and scalable dApps on Bitcoin’s network. With a total supply of 1 billion tokens, its tokenomics aim for long-term growth: 46% for community incentives (staking, airdrops), 22% for core contributors, 15% for R&D, 12% for the foundation, and 5% for early investors. The project’s 1M+ testnet users and 7M+ zk light nodes fueled excitement, positioning $EDGEN as a competitor to zkSync and Starknet. A Binance Alpha airdrop, offering 1,111 $EDGEN for 223+ Alpha Points, further stoked demand. Pre-market trading on Unich showed strong interest, with analysts predicting a launch price of $0.30–$0.50, and some eyeing $1 by August.
The Listing: A Rocky Start
Trading kicked off at 10:30 AM UTC on June 2, with $EDGEN/USDT pairs live across top exchanges. Volume hit $25M, driven by Binance and KuCoin, but the lack of sustained momentum disappointed traders expecting a moonshot. Gate.io’s perpetual contract launch with 20x leverage at 6:30 PM UTC added volatility, yet failed to spark a breakout. Many users called it “premium dust” at $0.03 (likely an error or pre-listing confusion), while others noted a $0.02 start, highlighting early chaos.
Why the Disappointment?
Traders and miners feel let down for several reasons. First, the airdrop process frustrated users: those with incorrect or duplicate UIDs faced manual on-chain claims, delaying access. Miners running zk verification nodes expected bigger rewards, but the 290M token unlock (29% of supply) diluted early value, with only 243.56M for community incentives. Second, the market’s broader 2.6% dip, coupled with Bitcoin’s $1B liquidation, created a tough backdrop—$EDGEN’s RSI at 58 suggests fading momentum. Third, hype outpaced reality: despite analyst predictions of $1, the token’s $0.71 peak fell short, and thin liquidity triggered sell-offs. Some users claim of it was “insane IDO sellout” raised expectations too high, leaving scalpers burned.

#TradingTypes101 #NewListing #EdgenCoin #IDO #Listing

ChainGPT is stealing the show in the AI-blockchain arena, riding a 7.5% price surge in the last 24 hours as of June 2, 2025. A recent X post from @ChainGPTAI
flagged it among top-trending tokens, fueled by its AI-driven smart contract and NFT tools. With France’s crypto-related legal crackdowns making headlines, secure platforms like ChainGPT are in demand.
Market Edge: The AI crypto sector is projected to grow 50x by 2030 (SoSoValue), and ChainGPT’s low market cap offers explosive potential. Its RSI sits at 60, showing momentum with room to climb. Support holds firm at $0.32, with resistance at $0.36. A 20% volume spike hints at a catalyst—possibly a new exchange listing or partnership.

#CEX. #chaingpt #future

EcoCoin’s Token Generation Event is the talk of eco-conscious traders. It rewards sustainable actions (e.g., renewable energy use) with a deflationary twist—burning 1% of transaction fees. Partnerships with Greenpeace and Tesla’s solar arm add legitimacy, setting it apart from green crypto wannabes.
Why It’s Trending: ESG (Environmental, Social, Governance) investing is hot, and ECO’s capped supply could drive scarcity post-TGE. Early hype pegs its starting price at $0.50–$1.00, but low initial liquidity means wild swings. Historical TGEs (e.g., Solana) saw 50%+ pumps in week one.
Risks: Thin order books could crash ECO if whales dump; no track record adds uncertainty.
Opportunities: A strong TGE might push ECO to $2.00 if volume exceeds $50 million daily.
Trader Action: Enter post-TGE after stabilization—watch $0.75 support. DYOR on lockup schedules to avoid rug-pull vibes.

#Memecoins🤑🤑 #MarketPullback #TGEs