Eden Network Shuts Down, Initiates EDEN Token Buyback
Eden Network has officially ceased operations, discontinuing services on its Eden RPC, Eden Bundles, and Mempool Stream products. The network recommends users switch to alternatives such as Flashbots Protect or Blocknative Mempool Explorer. To return value to token holders, Eden Network launched an EDEN token buyback plan at a fixed rate of 0.00001506 ETH per EDEN. The buyback will draw from a 2,000 ETH pool and is open until 23:59 UTC on September 30, covering the roughly 133 million EDEN tokens currently in circulation. US-based users are excluded from the repurchase program. Traders and holders should monitor the buyback window and consider alternative Mempool and RPC solutions.
Neutral
The shutdown of Eden Network indicates a business failure and poses a negative signal for its token. However, the structured buyback plan with a fixed ETH rate provides a price support floor for EDEN token holders. Historically, token repurchase schemes after project termination lead to short-term price stabilization, but long-term prospects remain uncertain due to service discontinuation. Therefore, the overall market impact is neutral. Traders may see minor volatility around the buyback window, but the broader crypto market remains unaffected by this event.