$MOVE

Movement Labs is investigating whether it was deceived into signing a market-making agreement that gave an intermediary control of 66 million MOVE tokens, resulting in a massive $38 million sell-off after the token's debut. Rentech appears twice in the transaction, once as a subsidiary of Web3Port and another as an agent of Movement Foundation. Foundation officials rated the protocol as "potentially the worst" they had ever seen, incentivizing people to drive up the price of MOVE before selling the tokens to retail investors.