🔥💣 MOVEMENT’S TOKEN DUMP SCANDAL EXPOSED! 🔥💣
What Happened? Movement Labs signed a market-making deal that handed a mysterious middleman control of 66 million MOVE tokens, triggering a $38 million crash right after launch.
🤝 Secret Player: The shadowy firm “Rentech” appeared on both sides of the contract—once as a Web3Port arm, once as Movement Foundation’s agent—raising self-dealing alarms.
🚩 Red Flags: Internal docs flagged the Rentech deal as “possibly the worst agreement” ever seen, with experts warning it incentivized a pump-and-dump on retail investors.
💥 Insider Rift: Top executives, lawyers, and advisors are under fire—Slack messages show co-founders scrambling to explain how 5% of the token supply ended up in one pocket.
⛔ Binance Ban: After the dump, Binance delisted MOVE, deepening the crisis and smashing investor confidence.
🕵️♂️ Behind the Scenes: Movement Labs is now investigating whether it was deceived into this $38 million selloff, and whether legal counsel was complicit.
⚖️ Why It Matters: This scandal exposes how opaque contracts and hidden middlemen can wreck new crypto projects—and why on-chain transparency is non-negotiable.
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