Movement Labs' Repurchase Effort Falls Short — For Now? 🤔
In the past 14 hours, the designated repurchase address —
0xA14C8e3eBb2Da43d027dC2c1b763387B9D59cACe — withdrew 45 million $MOVE tokens from Binance, sparking renewed interest in Movement Labs’ buyback program.
Previously, @movementlabsxyz publicly committed to a $38 million token repurchase, with yesterday marked as the final day of the three-month repurchase window (or possibly today, depending on time zone interpretation).
However, based on the average withdrawal price so far, the repurchase effort stands at just 54.2% complete — well short of full delivery.
The big question now:
Will Movement Labs quietly extend the repurchase timeline — or was this partial fulfillment all we’ll see? The community is watching closely.