Bubblemaps has accused Edel Finance of manipulating the market by acquiring 30% of EDEL tokens, valued at approximately $11 million, during its launch this month. The acquisition allegedly involved around 160 new wallets, with funds reportedly sourced from Binance and MEXC, and disguised through layered addresses and LP NFT transfers. Bubblemaps also claims the contract code includes a secondary wallet list, suggesting team involvement. Edel Finance co-founder James Sherborne denied the allegations, stating the team acquired about 60% of the tokens as planned, which are locked in a vesting contract, aligning with the public tokenomics. Bubblemaps countered that the token supply should have been pre-allocated according to the tokenomics model. EDEL's market value has dropped 62% over the past week to approximately $14.9 million, with the current price at $0.02937.