They raised $38M. Aimed for a $1B vision 😦

Crypto influencers cheered.

Binance and Coinbase buzzed.

Airdrops flew. Hype soared.

But one silent move killed it all.

Here’s how $MOVE crashed before takeoff — and what it teaches us:

1.

The Hype Phase:

• $38M raised by movementlabsxyz

• Promised modular L2 for Move ecosystem

• Backed by a16z, Polychain, and other big VCs

• Airdrops promised. Community excited.

• Listing anticipation on Binance/Coinbase

2.

The Build:

• “M1” testnet launched

• Claimed to merge performance of Sui/Aptos with Ethereum compatibility

• Targeted DeFi, gaming, and consumer apps

• Devs + users = bullish

3.

The Fatal Move:

Then came the misstep.

• Tokenomics revealed

• Only 6% to the community

• ~30% to insiders (VCs, team)

• Rest locked in unclear terms

Trust shattered.

4.

Community Backlash:

• Crypto Twitter lit up

• “Decentralization theater” accusations

• Airdrop farmers dumped

• No clarity from the team

• Momentum lost before launch

5.

Lesson for Web3:

• It’s not just tech.

• Token design = trust architecture

• Over-VC’d projects lose grassroots support

• Community-first > VC-first

$MOVE had the tech.

But lost the narrative.

In Web3, your biggest asset is trust — not capital.

Don’t just build the next thing.

Build it with the people.

#crypto #TokenomicsExplained #Binance #defi