Whale Buys EDEL as Holders Jump 126% in 3 Days and Edel Finance Testnet Tops 26K Users

A large whale wallet labeled dtht executed a significant purchase of 2.29 million EDEL tokens for 65,000 USDC. This transaction, valued at approximately $65,000, drew attention across crypto analytics platforms. The whale wallet holds digital assets worth nearly $2.4 million and made the purchase 11 hours before the data became public.

At the same time, on-chain data showed a sharp increase in EDEL holders. The holder count rose from 8,727 to 19,766 in just three days, reflecting a 126% growth. This surge coincided with increased social media activity and attention around Edel Finance.

The Edel Finance testnet also reached a milestone, surpassing 26,000 users. The update was shared through official channels and signaled early engagement with the platform. However, testnet participation does not indicate mainnet adoption or revenue generation.

Why the Move Happened

The whale transaction appears to reflect confidence in Edel Finance’s potential. The purchase occurred around the same time as rapid growth in the number of EDEL holders and increased testnet activity. Such whale activity is often seen as a sign of capital allocation and investor sentiment.

Edel Finance’s testnet user count exceeding 26,000 suggests growing interest in the platform. While testnet users engage without real capital exposure, the number reflects early-stage participation and protocol testing. The company did not provide details on daily active users or task completion rates.

How Markets Responded

EDEL’s price saw a significant uptick in the 24 hours following the whale purchase. As of January 6, 2026, EDEL was trading at $0.03289, showing a 31.57% increase from the previous 24-hour period.

Market data platforms reported mixed price and volume signals across exchanges. Some platforms showed short-term price increases, while longer-term performance data revealed earlier declines over extended timeframes. No token unlock or vesting schedule changes were reported.

What Analysts Are Watching

Analysts are closely monitoring the continued growth in EDEL holders and testnet engagement. The sharp increase in holder count and testnet users may indicate broader adoption or interest in Edel Finance’s platform. However, it remains to be seen whether this translates into sustained mainnet participation or revenue generation.

The whale purchase also raises questions about whether other large investors are following suit. No additional EDEL purchases from the same wallet were reported, but ongoing trading activity has continued across multiple exchanges. Analysts will likely watch for further whale activity or changes in market sentiment.

Investors are also assessing how this activity fits into broader trends in the cryptocurrency market. With 2026 shaping up to be a pivotal year for crypto regulation and institutional adoption, moves like these may be early indicators of shifting investor behavior.