MOVE Token Jumps 25% After Mainnet MoveDrop Launch and $7M Unlock, Defying Market Downtrend

MOVEUSDT experienced a significant 24-hour price increase of 25.17%, rising from $0.1156 to $0.1447 on Binance. This surge can be attributed to heightened trading activity following the recent mainnet MoveDrop phase launch on June 8, 2025, which introduced new ecosystem features and DeFi incentives, as well as the anticipation and subsequent completion of a $7.01 million token unlock in early June. These developments have contributed to increased market attention and volatility, despite the broader crypto market's bearish trend. MOVE currently trades at $0.1447 with a 24-hour trading volume of $121.4 million and a market capitalization of approximately $1.27 billion, reflecting strong activity and dynamic price movements within the past day.