edgeX [EDGE] surged 18% in the past 24 hours, driven by a strategic buyback initiative that has reduced the circulating supply. The edgeX team executed $838,000 in buybacks during this rally, contributing to a total of $13 million since April. This contraction in supply has coincided with an increase in demand, as 610 new wallets entered the market, bringing total holders to 20,600. Despite the bullish momentum, some resistance emerged with $63,000 in sell-offs, marking the second-largest daily outflow since inception. Trading volume also declined by 43% to $201 million, indicating potential weakening momentum. However, ongoing buybacks and user growth suggest the broader trend remains positive, with potential for further upside if demand strengthens.