Recent Developments and Market Sentiment.
The most significant recent development is the $38 million buyback program, detailed across multiple sources:
The Block reported Binance identifying a market maker dumping 66 million #Move tokens, netting 38 million USDT, with Movement Network committing to use recovered funds for buyback.
Cointelegraph confirmed the foundation severed ties with the market maker and will use the funds for a three-month buyback on Binance, establishing a "Movement Strategic Reserve."
Blockchain Magazine highlighted the buyback driving hype, with potential for sustained growth if the roadmap is executed effectively.
This initiative, reported on March 25 and 26, 2025, has already shown impact, with a 29% price increase noted, making MOVE one of the most discussed tokens on social media platforms like X, as per sentiment analysis.