Coinbase to delist $MOVE token on May 15 amid investigation

#Coinbase will suspend trading of the Movement Network’s #MOVE token on May 15, citing noncompliance with its listing standards. The announcement follows ongoing concerns tied to an internal investigation into a token distribution agreement involving #MovementLabs and a market-making firm. The MOVE token, which powers the Movement #layer2 blockchain, has faced scrutiny after reports emerged of a deal that allegedly contributed to a sharp price drop in December 2024.