MovementNetwork

Movement Foundation Launches 3rd-Party Probe into Market Maker Misconduct 🕵️‍♂️🔍

On April 22, the Movement Network Foundation announced an independent review of suspicious activity involving an external market maker. This comes after Binance flagged abnormal behavior linked to several tokens, including $MOVE. ⚠️

What Happened?

📅 March 11 – Binance alerted the Foundation to a market maker violating its liquidity agreement by dumping large amounts of tokens post-TGE.
🚫 Movement Foundation immediately cut ties, notified other platforms, and helped Binance with the investigation.
💰 They’ve already recovered $38M from the rogue actor.

What’s Next?

✅ The Foundation has hired Groom Lake, a top digital asset intelligence agency, to conduct a deep dive.
🪙 The $38M will be used to buy back MOVE tokens on Binance over the next 3 months.
🏦 A ‘Movement Strategic Reserve’ fund will be created, and all repurchased tokens will be sent to the official on-chain wallet:
0xA14...cACe

Why It Matters

Transparency, trust, and long-term value — the Movement Foundation is stepping up!
Since the announcement, $MOVE surged, showing strong community support. 🚀

#MovementNetwork #MOVEtoken #BinanceSquare #CryptoNews #TokenBuyback

Movement Network Spends $38 Million on Token Buyback

On March 24, the Movement Network Foundation revealed that it had recovered approximately $38 million in assets from a market maker. The firm was tasked with providing liquidity for the MOVE token on Binance. However, Binance detected “market irregularities” related to the maker’s activities. As a result, the exchange decided to terminate the partnership and freeze the offending firm’s profits.

According to the announcement, the recovered funds will be used to buy back MOVE tokens, starting from the end of March. The move is aimed at stabilizing the token’s value after recent volatility. The Movement Network Foundation stressed that this is an important step to protect the investment community.

The MOVE token buyback is expected to last until the end of June, according to the announcement from the Movement Network Foundation. The $38 million will be allocated appropriately to avoid causing strong market fluctuations. Binance also pledged to support this process to restore investor confidence. Market makers often play an important role in stabilizing token prices.

This incident shows the management loopholes at some major exchanges. The Movement Network Foundation hopes that the buyback will help the MOVE token regain its growth momentum after the recent unfortunate incident.

#Coinbay #MovementNetwork #MOVE #buybacktoken

Movement Network launches the first phase of its Mainnet Beta

#MovementNetwork has announced the launch of the first phase of its #Mainnet Beta, marking the first phase of its rollout. The Mainnet Beta went live at 16:00 UTC on November 30, 2024, enabling infrastructure providers to begin supporting the network. This initial release includes the implementation of follower nodes, RPC nodes, indexers, permissioned smart contracts, and a block explorer.

Early supporters of UP phones, the MOVE project brings you airdrop benefits! Choosing UP phones back then was not only about recognizing the foresight of Web3 phones but also about agreeing with the concept of user co-building the ecosystem.

The MOVE airdrop has brought everyone another surprise, fully demonstrating the value return of the UP phone project to early participants. This incentive mechanism transforms advertising costs into user benefits, achieving true sharing and win-win. #web3手机 #MovementNetwork

🚀 $MOVE Token Debuts with $1.6B Market Cap After Airdrop

Movement Network launched its MOVE token, distributing 1 billion tokens via a major airdrop to early adopters. Within hours, MOVE’s price surged to $0.74, achieving a $1.6B market cap and generating $450M trading volume in just 90 minutes.

🔑 Key Highlights:
*/ Listings: Available on Binance, Upbit, and Bithumb.
*/ Technology: Powered by MoveVM, the blockchain tech behind Sui and Aptos.
*/ Tokenomics: 10B total supply; 10% for community, 22.5% for investors, 10% for the foundation.

This launch reflects the growing impact of airdrops on market
engagement and adoption. MOVE’s rally follows the success of
tokens like HYPE and WCT, showcasing the rising demand for
innovative crypto projects.

#Move #AirdropBinance #MovementNetwork #Write2Earn!

#MovementNetwork $MOVE @MoveMoveCoin @Binance News

Movement Network Launches Public Mainnet Beta with TVL US$250 Million

Movement Network Foundation has announced the successful launch of Public Mainnet Beta, securing over US$250 million in *Total Value Locked* (TVL) through the Cornucopia program.

This launch enables permissionless smart contract deployment and user onboarding for the first time, making it the only Move-based blockchain integrated with Ethereum.

One of the founders of Movement Labs, Cooper Scanlon, described the impressive first-day liquidity. With US$233 million secured through Cornucopia, this achievement allows Movement to move beyond the development phase and lay the foundation for DeFi adoption.

The Cornucopia program, developed in collaboration with Concrete and Veda Labs, aims to provide deep liquidity for major assets such as Bitcoin (BTC), Ethereum (ETH), and stablecoins.

#MovementNetwork

🚀 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐌𝐚𝐢𝐧𝐧𝐞𝐭 𝐁𝐞𝐭𝐚 𝐢𝐬 𝐥𝐢𝐯𝐞!

The launch integrates Move into Ethereum #L2s , enabling permissionless app deployment & secure transactions. Meanwhile, Rex Shares & Osprey Funds have filed for a $MOVE ETF (effective May 21, 2025, 0.75% fee).

🔹 $MOVE Price Update:
- Up ~8% in 24H
- Peaked at $0.54, now at $0.49
- Volume up 16.57%, signaling strong interest

If $0.49 holds as support, another push toward $0.54+ could be on the horizon. 🚀🔥#MovementNetwork

$MOVE 🚀 Is MOVE Coin Poised for a Breakout?

📍 Current Price: $0.4122 (▼9.20%)

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📊 Key Levels to Watch:

🔹 Support Zone: $0.3918 – $0.4000 (Buyers may find value here)

🔹 Resistance Levels: $0.4520 – $0.5000 (A breakout could signal bullish momentum)

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🎯 Price Targets:

✅ TP1: $0.4600 (Initial resistance)

✅ TP2: $0.4800 (Gaining momentum)

✅ TP3: $0.5000 (Psychological barrier)

🔻 Stop Loss: $0.3800 (Below key support to manage risk)

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📌 Market Insights:

🌍 What’s Driving MOVE? MOVE powers Movement Network, an ecosystem of modular Move-based blockchains that enables developers to build secure, performant, and interoperable blockchain applications. Backed by prominent investors like Polychain Capital and Binance Labs, Movement Labs aims to revolutionize blockchain interoperability and advance Move-based technologies in the Web3 space.

📈 Trading Volume: $156.11M in the last 24H – indicating strong market activity.

📊 Technical Setup: The recent price movement suggests a potential reversal if support holds and buying volume increases.

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💡 Pro Tip: A decisive move above $0.4520 with increased volume could pave the way toward the $0.5000 level.

⚠️ Risk Management: Consider securing profits at resistance levels and adjust stop-loss orders to protect against downside risks.

#MOVE #Crypto #Blockchain #MovementNetwork #TradingSignals