In the fast-paced world of crypto, where meme tokens often steal the spotlight with viral hype, a more substantive project is quietly making waves. A recent tweet from @MrDegenWolf highlights what he calls "the most bullish post-TGE chart I've seen in a while" for $EDEL, the token behind Edel Finance. TGE stands for Token Generation Event, essentially the moment a new token launches and starts trading.
The chart in question shows a steady upward climb right after launch, without the wild dumps that plague many new tokens. Here's a look at that impressive performance:
What makes $EDEL stand out, according to the tweet, is its focus on real utility. The project centers on DeFi—decentralized finance, which lets people lend, borrow, and trade assets without traditional banks. But it goes further by mixing in RWAs, or real-world assets. Think tokenized stocks, where shares of real companies are represented as blockchain tokens. Edel Finance aims to build a global lending network for these tokenized stocks, making securities lending more transparent, efficient, and scalable.
The team behind it is doxxed—meaning their identities are public—which adds a layer of trust. They come from heavy hitters like State Street, JP Morgan, and Airbnb, bringing real finance expertise to crypto. As @MrDegenWolf points out, because it's not just another meme play but a serious blend of RWA and DeFi, it's flying under the radar for now. "Hence no one is talking about it, much higher," he says, predicting big upside.
Replies to the thread echo this sentiment. Crypto influencer @EricCryptoman calls $EDEL "below 9 figs is a dip," suggesting anything under a certain market cap threshold is a buy. Others like @baseddarren5 predict it'll hit the mainstream at a $500 million fully diluted valuation or more. There's even talk of fair launches and protecting long-term investors with dividend-like yields.
Diving deeper, Edel Finance is built on the Base chain, an Ethereum Layer 2 network known for low fees and high speed. The protocol allows users to supply tokenized equities and earn yields from lending them out. It's designed to capture value from the massive $2.5 trillion stock lending market, which generates about $10 billion in annual revenue—currently dominated by big banks. By bringing this onchain, Edel makes it accessible to anyone with a crypto wallet.
Recent activity shows the token's momentum building. As of now, $EDEL is trading around $0.07 to $0.08, with a market cap hovering near $37 million. It's seen over 60% gains in the last 24 hours, fueled by smart money inflows and airdrops to holders of related tokens like $BNKR. One trader reportedly bought 1.66 million $EDEL with $85,800 USDC, following successes in other tokens.
For those interested in getting involved, check out the official site at Edel Finance or their docs at docs.edel.finance. You can supply assets to earn yields or borrow tokenized stocks for various strategies. Just remember, as with any crypto project, there are risks like smart contract vulnerabilities or market volatility—always do your own research.
This under-the-radar gem could be a sign of maturing meme and degen culture, where real utility starts driving value alongside the fun. If the chart keeps climbing, $EDEL might just become the next big talk in the space.