Whale wallet dtht bought 2.29M EDEL for 65,000 USDC as Edel Finance testnet users passed 26,000, and holders rose 126%.
Market activity around Edel Finance increased after a tracked whale transaction drew attention across crypto platforms worldwide.
At the same time, user participation and holder counts rose quickly on the Edel Finance testnet. Together, these data points placed EDEL into short-term focus across trading desks and analytics channels.
Whale Activity Draws Attention to EDEL Trading
Blockchain tracking data showed a whale wallet labeled dtht executed a large EDEL purchase.
The wallet spent 65,000 USDC to acquire about 2.29 million EDEL tokens. The transaction occurred around eleven hours before the data became public.
The wallet reportedly holds digital assets valued at nearly $2.4 million. Such whale movements are often monitored because they reflect capital allocation behavior.
However, the transaction did not include any stated purpose or follow-up action.
No additional EDEL purchases from the same wallet were reported afterward. Trading activity continued across multiple exchanges following the disclosure.
EDEL Holder Count Rises Sharply Within Three Days
On-chain data showed a rapid rise in the number of EDEL holders over three days. The holder count increased from 8,727 addresses to 19,766 addresses.
This change represented a 126 percent increase during the observed period.
The growth coincided with higher social media discussion around Edel Finance. The data did not specify whether the new holders were retail or institutional participants.
Some addresses held small balances, while others held larger token amounts.
No single address concentration change was reported during the same period. Therefore, distribution patterns appeared broadly consistent across wallets.
Edel Finance Testnet User Base Exceeds 26,000
Edel Finance reported that its testnet user count exceeded 26,000 participants. The update was shared through official platform channels during the same timeframe.
Testnet participation often measures early interest and protocol testing activity.
However, it does not represent confirmed mainnet adoption or revenue generation. Testnet users typically interact with protocol features without real capital exposure.
Therefore, user numbers reflect engagement rather than financial commitment.
Edel Finance did not release details on daily active users or task completion rates. Still, the reported figure placed the testnet among actively used trial networks.
As at the time of writing, EDEL was valued at $0.03289, showcasing a 31.57% uptick in the last 24 hours.
Related Reading: Whale Goes All-In: $32.6M Long on 17 Cryptos, Up $3.4M Already
Market Data Shows Mixed Price and Volume Signals
Market data platforms reported varying EDEL prices across exchanges during the period. Some platforms showed short-term price increases within 24 hours.
Trading volumes also differed between futures and spot markets.
Furthermore, long and short ratios remained exchange-dependent and time-specific.
Longer-term performance data showed earlier declines over extended timeframes. Circulating supply figures remained below the stated maximum supply level.
Nonetheless, updates were provided regarding token unlocks or vesting schedule changes.
As a result, market conditions remained driven by activity and reported metrics alone.
Source: https://www.livebitcoinnews.com/whale-buys-edel-as-holders-jump-126-in-3-days-and-edel-finance-testnet-tops-26k-users/
