EDGEN a new blockchain project, recently announced that its mainnet will launch soon. But the good news came with an alert as the LayerEdge price dropped today.
After falling nearly 7% suddenly, many people are asking will the $EDGEN token crash more or rise soon? The token has already dropped almost 80% since it was first listed in June 2025, and it also slipped a little in the last 24 hours. This shows that the market is very unsure right now.
So, what’s really happening with the token’s price? And should investors see this as a chance to buy, or a warning to stay away?
Despite the LayerEdge token mainnet launch coming soon announcement by its official X account, the price of has been on a downward spiral. However, this mainnet is not the first, rather it's either 2nd, or 3rd fueling if it is a scam project like others.

At the time of writing, $EDGEN price crashed around 7%, standing at $0.0055, while its market cap is $1.6M. The important question here isn’t the mainnet but, why even after this news price didn't feel any positive sentiment.
It is very shocking for crypto experts because even the asset's 24 hours trading volume crashed around 35%, currently standing at $3.9M. Despite this, being working in this industry for a long time now, my analysis says the mainnet launch still holds potential to bring positive momentum.
Profit-Taking Behavior: After a minor rally earlier, the price experienced heavy selling as many traders took early profit to avoid future risks, which is one of the major Layeredge price drop reasons.
Technical Sentiment: The RSI is 41.13, which shows the coin is not strongly bought or sold. The MACD shows weak selling pressure right now.
Market Sentiment: Even though the project has more than 1 million transactions and runs on an EVM-based Layer 1 blockchain, many investors are still unsure about it.
All of these reasons together trigger the price drop behavior.
With the new mainnet launch coming soon, here’s what we can expect in the short, mid, and long term as per TradingView chart analysis:

Short-Term Forecast: The price has stopped falling and is stable around $0.0055. It might go up a little, but it could also just stay in a small range between $0.00550 and $0.00570.
Mid-Term Outlook: According to technical analysis and the latest Layeredge news, experts at CoinGabbar think the price has good chances to recover after the launch. It might reach between $0.0060 and $0.0065.
Long-Term Potential: The 2025 target remains bullish with a rise towards $0.0080–$0.0100 within a few months. But, if it fails then a potential drop around $0.0045–$0.0050 might be possible.
Despite some skepticism surrounding the crash, it’s important to remember that the project is not a scam. With long term vision, it has made a significant place in the crypto industry.
The recent LayerEdge price drop looks worrying, but it doesn’t mean the project is over. The mainnet is launching soon, and the team has already shown strong technical progress.
This gives hope that the price can bounce back. Investors should watch closely for the next updates.
Disclaimer: Cryptocurrency industry is highly volatile. Always do your own research before investing.
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.