Edel Finance's affiliated wallet has been accused of "buying up" 30% of the token supply, and its co-founder has denied the allegations.

Blockchain analytics platform Bubblemaps has accused Edel Finance of snapping up 30% of the token supply ($11 million) during its token offering earlier this month. Edel co-founder James Sherborne responded that the team planned to acquire 60% of the token supply and subsequently lock it in a token vesting contract.