Arkham: EdgeX airdrop accused of nearly half flowing to partners and LPs

Arkham posted on the X platform that currently about 69.5% of EdgeX's supply is stored in addresses directly transferred from the initial developer wallet, some of which may belong to market makers and may be transferred to exchanges in the future.

Additionally, 7% of the supply remains in the airdrop wallet and has not yet been allocated, estimating the current actual circulation ratio to be only about 9.5%. EdgeX nominally airdropped approximately $195 million to users, but after on-chain analysts raised questions, the project team admitted that 14% of the total supply was actually allocated to partners and liquidity providers, which at the current valuation amounts to about $94.6 million, nearly half of the total airdrop amount.