MOVE Token Surges 38% After Airdrop, DeFi Launches, and Foundation Buybacks Boost Momentum

MOVEUSDT experienced a significant 38.31% price increase in the last 24 hours, rising from 0.1146 to 0.1585, according to Binance data. This strong upward movement is primarily attributed to renewed ecosystem activity following the recent MOVE token airdrop, the launch of new DeFi and NFT initiatives, and upcoming exchange listings, all of which have driven heightened market interest and trading activity. Additional factors include the Movement Network Foundation's ongoing buybacks, which have reduced circulating supply and contributed to positive sentiment. Currently, MOVE is trading at 0.1585 with high volume, showing robust short-term momentum but still recovering from a longer-term drawdown, with an estimated market cap near $312 million and a circulating supply of approximately 2.4 billion tokens.