Edel Finance disputes Bubblemaps alert of $11 million team EDEL token sniping
The post Edel Finance disputes Bubblemaps alert of $11 million team EDEL token sniping appeared on BitcoinEthereumNews.com.
Bubblemap, a blockchain analytics platform, has raised an alarm that Edel Finance sniped 30% of EDEL during the launch earlier this month. According to the platform, the wallets were linked and funded in a coordinated fashion immediately before trading opened. In its X post, Bubblemaps wrote, “Edel Finance sniped 30% of $EDEL […] Then tried to hide it behind a maze of wallets and liquidity positions.” BREAKING: Edel Finance sniped 30% of $EDEL Then tried to hide it behind a maze of wallets and liquidity positions Here’s how they did it 🧵 pic.twitter.com/KF7XSDYU52 — Bubblemaps (@bubblemaps) November 25, 2025 Bubblemaps revealed that a cluster of approximately 160 wallets accumulated 30% of the EDEL token supply, worth $11 million. It was funded through a coordinated strategy involving Binance and MEXC, executing the purchase in a manner consistent with “sniping” -a tactic where bots automate trades to secure tokens at launch. The link between Edel Finance team and the snipers Bubblemaps detailed that the wallets were funded with Ether and structured through several layers of fresh wallets before executing trades. Half of the purchased tokens were distributed among 100 secondary wallets, all linked to MEXC. 4/ These snipers showed an unusual pattern: Each received only 50% of the $EDEL they sniped The other 50% was sent to a cluster of secondary wallets, 100 in total, all funded by MEXC Examples of sniping txs:https://t.co/haaifH1HRdhttps://t.co/jo0MjnsNqh pic.twitter.com/IUJ9yVOAih — Bubblemaps (@bubblemaps) November 25, 2025 This created, according to the platform, a clear link between the team and the snipers. The analytics firm noted that the token contract’s code explicitly included these secondary wallets, suggesting that they were intentionally hidden. “Both the snipers and the secondary wallets used the same obfuscation method […] Created Uniswap LP positions (NFT) with $EDEL, sent the NFTs to new wallets, burned…
Filed under: News - @ November 26, 2025 3:23 pm