Whale Scoops 2.29M EDEL Tokens Worth $65,000 Amid Edel Finance’s Tokenized Stocks Traction and Investor Buying
The post Whale Scoops 2.29M EDEL Tokens Worth $65,000 Amid Edel Finance’s Tokenized Stocks Traction and Investor Buying appeared on BitcoinEthereumNews.com.
Edel (EDEL), a DeFi cryptocurrency powering a decentralized lending protocol (money market) for tokenized assets, is attracting investor attention, according to data reported today by market analyst Lookonchain. The analyst flagged a whale who today spent $65,000 in USDC to purchase 2.29 million EDEL tokens earlier this morning. This deep-pocketed investor’s transaction indicates a strong belief in the EDEL cryptocurrency’s potential capability, an indicator showing where smart money flows to amid the new year. The transaction reflects the whale’s robust conviction in EDEL, particularly taking into consideration that January is typically a strong period of cryptocurrency markets when big investors choose to increase their investment holdings at the start of the year. Whale dtht, with $2.4M in assets, spent 65,000 $USDC to buy 2.29M $EDEL 11 hours ago. Edel Finance(@edeldotfinance) has surpassed 26K users on its testnet. Meanwhile, $EDEL holders surged from 8,727 to 19,766 in just 3 days, a 126% increase.https://t.co/O0ya4Xnfii pic.twitter.com/d9PA9ptTWL — Lookonchain (@lookonchain) January 6, 2026 Why the Whale Targets EDEL The whale’s move to scoop 2.29 million EDEL tokens valued at a massive $65,000 showcases rising investor appetite in the Edel Finance platform. A good indicator of this interest is the token’s price movement. EDEL, which currently trades at $0.03282, has been up 103.7% and 84.6% over the past week and 14 days, respectively, a testimony of user enthusiasm on the DeFi network and investors increasing their buying of EDEL tokens. The key reason for the user interest in the DeFi token is due to the innovative features of Edel Finance’s platform. Edel is a decentralized, non-custodial lending platform that brings the conventional stock lending market on-chain. Through this approach, the protocol enables investors of tokenized stocks to earn yields on their assets. Rather than going through traditional brokers, customers simply deposit their tokenized stocks on…
Filed under: News - @ January 6, 2026 3:29 pm