$MOVE

MOVE falls in the markets

Movement Network launched its mainnet in beta phase along with the native token MOVE in December 2024. Since then, the project has attempted to position itself as an innovative infrastructure for Web3 developers. However, recent controversies have called its viability and transparency into question.

The future of MOVE now seems uncertain. Although the suspension on Coinbase does not imply a definitive exclusion, the damage to its image and regulatory pressure could have greater consequences. The market, for its part, reacted with a drop of 16.5% after the announcement, with the token trading at around USD $0.2 per unit at the time of editing.

Movement Labs has not yet offered a complete official statement regarding the suspension, but it has reiterated that it continues to evaluate its relationships with market makers and strengthening internal controls.