edgeX token price increased 18% on April 15, 2026, amid an ongoing team-led buyback program. The project's treasury has now spent $13 million on buybacks, including a recent $838,000 purchase. The buybacks reduce circulating supply, but long-term price stability depends on the project's underlying fundamentals.
The price of edgeX (EDGE) token rose 18% on April 15, 2026, after the project's team executed an $838,000 buyback, bringing the total buyback program to $13 million.
The buyback was confirmed through on-chain data, which showed the transfer of funds from the team's treasury to a decentralized exchange, followed by the purchase of EDGE tokens.
The $13 million buyback program has been executed over the past several months, with the team consistently buying back tokens from the open market. This latest purchase of $838,000 is one of the largest single-day buybacks to date. The continued buying pressure from the team has helped to support the token's price during periods of market volatility.
The aggressive buyback strategy by the edgeX team is a clear attempt to bolster investor confidence and create a price floor for the token. However, the sustainability of this strategy is questionable and depends on the project's ability to generate sufficient revenue to continue funding the buybacks. The next major catalyst for the project will be the launch of their decentralized exchange, which is scheduled for Q3 2026.
This article is for informational purposes only and does not constitute investment advice.
