Eden Network don shut down, dem don start to buy back EDEN Token
Eden Network don stop their operations officially, dem don stop service for their Eden RPC, Eden Bundles and Mempool Stream products. Di network dey recommend sey users switch go alternatives like Flashbots Protect or Blocknative Mempool Explorer. To return value to token holders, Eden Network don launch EDEN token buyback plan at fixed rate of 0.00001506 ETH per EDEN. Di buyback go take from 2,000 ETH pool and e dey open till 23:59 UTC on September 30, covering about 133 million EDEN tokens wey dey on circulation now. People wey dey US no go fit join the repurchase program. Traders and holders suppose dey monitor di buyback period and consider other Mempool and RPC solutions.
Neutral
Shut down of Eden Network mean say business no too succeed and e send bad signal for im token. But di structured buyback plan wey get fixed ETH rate dey provide price support for EDEN token holders. Before, when dem dey do token repurchase after project don finish, e dey help short-term price balance, but long-term things remain uncertain because service don stop. So overall market impact na neutral. Traders fit see small wahala for price around di buyback time, but di wider crypto market no too feel dis matter.