According to Coinness market monitoring, 'EDGE', the native token of the decentralized derivatives exchange EdgeX (EDGE), recorded extreme volatility, plunging by approximately 70% in a short period.

The downward trend, which began in earnest after 6:00 a.m. on the 2nd, showed a total decline of 70.29% until it reached its low. In particular, based on the OKX exchange, it hit a low of $0.3294, falling below the $0.4 threshold.

Fortunately, the EDGE token has slightly recovered its losses and is currently showing a rebounding trend. It is currently trading at around the $0.4724 level.