Binance has announced the postponement of its scheduled additional HODLer airdrops for Movement (MOVE), citing ongoing developments with the project and a need for further clarity.
Originally planned for mid-2025, the airdrop was set to distribute 5% of MOVE’s total supply to eligible Binance users approximately six months after its initial listing. However, Binance has delayed the campaign until Movement provides updated guidance on the project's status.
Transparency and User Protection Cited
In a statement issued on May 7, Binance emphasized that user protection and transparency remain top priorities, and that the collected MOVE tokens will be held in a publicly visible wallet. The exchange provided access to this wallet to ensure community transparency during the postponement period.
“We will continue to closely monitor developments and provide updates when appropriate,” Binance said in the announcement.
MOVE Price Reaction
The MOVE token saw a sharp decline following the news:
MOVE/USDC: $0.15, down 10.31%
MOVE/BNB: 0.0002607 BNB, down 11.05%
These drops reflect market uncertainty surrounding the project and the delay in distribution.
