#TokenMovementSignals

The Movement Network Foundation launched MOVE—the utility token of the Ethereum layer-2 network Movement—on Monday, offering over $830 million worth of MOVE tokens to the project’s early adopters.

Dubbed “MoveDrop,” the airdrop provided 1 billion MOVE, or 10% of the total token supply to eligible communities and participants who had completed transactions and missions on the Movement testnet.

An additional 1.25 billion tokens, or 12.5%, were also unlocked for the Movement Network Foundation and additional community initiatives, bringing the total circulating supply to 2.25 billion MOVE tokens, or 22.5% of the total supply.