🚨 BREAKING: Movement Labs Terminates CEO Amid $38M MOVE Token Sell-Off
#MovementLabs has terminated CEO and co-founder Rushi Manche following a $38 million sell-off of $MOVE tokens linked to market-making misconduct.
The company is restructuring its leadership and plans to share further details soon.
📉 Following the announcement, the $MOVE token price dropped to $0.16, down ~8% over the past 24 hours and ~34% over the past week.
Conversely, 24-hour trading volume surged by 142% to $328.61M, indicating heightened market activity.