#Move MOVE Coin Incident: Pump and Dump Destroys a $100 Million Project

The Movement (MOVE) project became controversial when co-founder Rushi Manche was suspended by Movement Labs due to a market-making scandal. Coinbase delisted MOVE, causing the price to drop 16% over the week, down to $0.1970, with a market cap of $492.57 million, a decrease of 86.39% from the ATH of $1.45.

Market-Making Scandal

In January 2025, Movement Labs raised $100 million, driving the MOVE price sharply higher. However, the company was accused of controlling 66 million tokens through a dubious agreement with Rentech, raising concerns about self-trading, which led investors to worry about the project's credibility.

Price Prediction

- Price Increase: MOVE could reach $0.22, even $0.24 if sentiment is positive.

- Price Decrease: It could fall to $0.18, or even a record low if controversies continue.#SaylorBTCPurchase