Edel Finance Accused of Acquiring 30% of EDEL Token Supply at Launch

Blockchain analytics platform Bubblemaps alleged on November 25, 2025, that approximately 160 wallets linked to Edel Finance accumulated 30% of EDEL tokens worth $11 million during the token launch in early November. The platform identified trading patterns consistent with automated sniping tactics and coordinated funding through Binance and MEXC exchanges. Co-founder James Sherborne denied wrongdoing, stating the team acquired around 60% of supply for vesting contracts as documented in project materials.