MOVE Token Surges 39.95% After Mainnet Launch, Buyback, and ETF Filings Drive $395M Volume

MOVE/USDT experienced a significant 39.95% price increase over the past 24 hours, rising from 0.1184 to 0.1657 on Binance. This sharp upward movement is primarily attributed to several recent developments: the launch of the Movement mainnet and Main Bridge on Ethereum, the announcement of institutional interest with ETF filings by Rex Shares and Osprey Fund, and a major buyback by the Movement Network Foundation, which withdrew 18 million MOVE tokens from circulation. Additionally, anticipation around upcoming exchange listings and heightened trading activity, evidenced by a 61.9% surge in 24-hour trading volume to approximately $395 million, have contributed to renewed bullish sentiment and increased market participation. Despite the strong price and volume gains, overall market sentiment remains cautious, as indicated by a low fear and greed index, but technical indicators are turning bullish with MOVE consolidating above key resistance levels.