PANews reported on December 5th that blockchain analytics platform Bubblemaps published an article on the X platform stating that the Edel Finance team is still selling off. A team wallet associated with the sniper trade just transferred $175,000 worth of EDEL tokens to a CEX. The wallet address 0x4362 sent 4.3 million EDEL tokens to the deposit address of the LBank exchange last night.

Previously, it was reported that Edel Finance's affiliated wallet had "snatched up" 30% of the token supply, but its co-founder denied the allegations .