[IMPORTANT: Movement’s Insider Token Dump and Controversial Market-Making Deal]
Movement, the blockchain project behind the $MOVE token, is embroiled in a token-dumping scandal following a dubious market-making agreement. Secret contracts enabled an outsized entity to offload 66 million tokens immediately after the token debut, causing a steep price drop and triggering a @binance ban. Internal documents point to potential insider manipulation and opaque practices, fueling allegations of misconduct and internal infighting.
(Source: coindesk)