Binance has delayed its planned airdrop of $MOVE tokens because the project is facing some uncertainty. The airdrop was supposed to happen in mid-2025 and would have given 5% of MOVE's total supply to Binance users who held the token.
Why the Delay?
Binance said they need more updates from the Movement (MOVE) team before moving forward. They also said protecting users and being clear about what's happening is very important. All the airdrop tokens will be kept in a wallet that everyone can see.
Binance promised to keep watching the situation and share news when there’s more information.
Price Drop
After the news, the MOVE token’s value fell:
MOVE/USDC: \$0.15 (down 10.31%)
MOVE/BNB: 0.0002607 BNB (down 11.05%)
This shows that investors are worried about what will happen next with the project.
