$MOVE
Over the past four hours, the MOVE/USDT trading pair has experienced notable activity, reflecting the dynamic nature of the cryptocurrency market. As of the latest data, BlueMove (MOVE) is trading at approximately $0.0200, marking a slight increase of 0.0386% from the previous close. The intraday high reached $0.0206, while the low touched $0.0190.
Recent Developments
In December 2024, the Movement Network, an Ethereum Layer-2 solution built using Facebook's programming language Move, launched its native token, MOVE. The token debuted with a market capitalization of $1.3 billion and saw a trading volume of $441 million within the first 90 minutes. This launch included a significant airdrop, distributing 10% of the total supply to early users and community members.
Exchange Listings
Following its launch, MOVE was listed on major cryptocurrency exchanges, including Binance and South Korea's Upbit. Binance facilitated the airdrop through its Airdrops Portal and subsequently opened trading for MOVE, offering pairs such as MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY. Upbit also enabled trading for MOVE tokens via the Ethereum network.
Market Performance
The MOVE token experienced significant growth post-launch, with its market capitalization reaching $1.6 billion and trading at $0.74 within six hours. The trading volume surged to $450 million in just 90 minutes. This momentum continued, with the token climbing to over $1.04, positioning it among the top 100 cryptocurrencies globally by market cap.
Tokenomics
MOVE has a maximum supply of 10 billion tokens. The distribution strategy includes 10% allocated to early users and community members, 22.5% set aside for early investors, and 40% reserved for ecosystem and community rewards. This approach aims to foster a robust and engaged community, supporting the network's growth and development.