Edel Finance is under scrutiny after blockchain analytics firm Bubblemaps reported that over 30% of its EDEL tokens, valued at approximately $11 million, were purchased by 60 wallets associated with the project during its token sale on November 12. Co-founder James Sherborne acknowledged the transactions, attributing them to a planned 60% token allocation to a vesting contract, though no public documentation supports this claim. The tokens were reportedly moved through multiple wallets and Uniswap liquidity pools, a method often used to obscure transaction origins. Sherborne did not clarify why a purchase method was chosen over direct contract transfers. Edel Finance has not responded to requests for further comment on the matter.