🚨$MOVE TOKEN #SCANDAL DEEPENS: MOVEMENT LABS FIRES CO-FOUND

🚨$MOVE TOKEN #SCANDAL DEEPENS: MOVEMENT LABS FIRES CO-FOUNDER
🔹Movement Labs terminated co-founder Rushi Manche over a secret 66M MOVE token deal.
🔹The deal triggered a price crash and market manipulation claims.
🔹Binance blacklisted the market maker; Coinbase to suspend MOVE trading by May 15.
🔹New entity Move Industries formed under new leadership to regain trust.
🔹MOVE token fell ~20% to $0.15 in 24 hours.
- The Block, May 7, 2025

Ek San

🚨 Binance Cracks Down on #MOVE Token Dumping Scandal

Market Manipulation: A MOVE token market maker allegedly dumped 66M tokens post-launch, profiting $38M USDT before Binance expelled them.

Binance's Action: The exchange froze the funds and informed Movement Labs and Movement Foundation of the misconduct.

Foundation’s Response: Movement Network Foundation denied prior knowledge and pledged a $38M buyback program to establish a "Movement Strategic Reserve."

Market Impact: $MOVE token rose 7% to $0.46 following Binance's intervention.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

🚨$MOVE TOKEN #SCANDAL DEEPENS: MOVEMENT LABS FIRES CO-FOUNDER

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