Key Notes

EDEN token surged 70% in 24 hours to $0.0721 with a 409% rise in volume.

Eden Network announced it will shut down operations, five years after its debut.

EDEN is testing the upper boundary of a long-term symmetrical triangle weekly.

EDEN, the native token of Eden Network, has gained 70% in the past 24 hours, briefly hitting $0.0721 before settling around $0.06751 at the time of writing.

The rally comes despite Eden’s announcement that it will be shutting down operations, marking the end of a four-year journey that began as Archer DAO in 2020.

Archer DAO was launched in 2020 on a mission to create a new revenue stream for Ethereum miners through realizing profits from MEV.

In 2021, as EIP-1559 was enacted and greatly impacted miners' revenue potential, the mission evolved i

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