[Edel Finance Accused of Using Linked Wallets to Acquire 30% of Token Supply, Co-Founder Denies Allegations] Blockchain analytics platform Bubblemaps has accused Edel Finance of acquiring 30% of the token supply, valued at approximately $11 million, during its token issuance earlier this month through around 160 linked wallets. These wallets coordinated funding via Binance and MEXC and completed operations through a multi-layered new wallet structure before trading began. Half of the tokens were transferred to 100 secondary wallets linked to MEXC. Bubblemaps stated that these wallets employed a unified obfuscation strategy, and the contract code explicitly included secondary wallet addresses, suggesting intentional concealment. Furthermore, Edel did not disclose these operations on Telegram, Twitter, or official documents, raising concerns about transparency violations. Edel Co-Founder James Sherborne responded by stating that the team planned to acquire 60% of the token supply and lock it in the token vesting contract. However, Bubblemaps pointed out that Edel's tokenomics only allows the team to obtain 12.7% of the tokens through a 36-month vesting schedule (including a 6-month lock-up period), questioning the legitimacy of their actions. Edel Finance focuses on bringing traditional stocks into on-chain lending, with team members including former employees of State Street Bank and JPMorgan.