LayerEdge Confirms June 2 Token Unlock, 290M $EDGEN to Enter Circulation

LayerEdge has officially moved its Token Generation Event (TGE) and token unlock to June 2, 2025, as shown on CoinMarketCap’s Token Unlocks section.

The highly anticipated unlock will release 290 million EDGEN tokens, which accounts for 29% of the token’s maximum supply, making it a major milestone for the project.

The update comes after an earlier TGE date of May 31 was quietly postponed. No reason has been given publicly for the two-day delay.

Currently, CoinMarketCap lists the token’s value as $0.00, indicating that EDGEN is not yet live for public trading or lacks updated pricing data.

Crypto influencer @Dcryptopioneer posted the news on X, adding that the postponement invalidated his community giveaway prediction challenge.

He confirmed no winner was selected for the $20 reward, as the announced unlock date was moved last-minute. The tweet included bullish sentiments toward the event.

The June 2025 unlock is expected to be a major liquidity event. The volume of tokens involved could influence early price action once trading opens.

In contrast, a smaller unlock of 11.68 million EDGEN is scheduled for June 2, 2026, representing just 1.17% of the total supply.

This second unlock appears to be part of a long-term vesting schedule, likely designated for team, investors, or ecosystem incentives.

CoinMarketCap’s page also shows that the “Small Unlocks” filter was turned off, meaning only major events are displayed, further validating the scale of the June 2 release.

No token distribution breakdown has been published by the LayerEdge team yet. Analysts and traders are closely watching for further information.

The TGE is expected to bring in key project leads and community developers, although official names and events have not yet been publicly listed.

The community has responded with a mix of excitement and caution, especially as no official exchange listings have been confirmed.

Analysts caution that such a large unlock could result in price volatility depending on whether tokens are freely tradable or locked under vesting terms.

LayerEdge has yet to comment formally on the postponement or provide updates on initial liquidity or exchange partners.

For now, all eyes are on June 2, when nearly a third of the token’s supply will enter circulation in a single event.