EDGE Token Crashes 50% in 24 Hours as Liquidations Top $6 Million

edgeX (EDGE) recorded a sharp decline over the past 24 hours, dropping from $1.1507 to $0.6512 and shedding 47.5% of its value, according to CoinMarketCap data. The token also briefly plunged to an intraday low of $0.3746 before rebounding and recouping part of its losses.

The steep price swing was accompanied by significant liquidation activity. According to Coinglass data, total EDGE liquidations reached approximately $6.24 million during the same period, with long positions accounting for about $4.84 million and short positions contributing roughly $1.40 million.

Source: CoinMarketCap, Coinglass