Movement Foundation Launches 3rd-Party Probe into Market Maker Misconduct 🕵️♂️🔍
On April 22, the Movement Network Foundation announced an independent review of suspicious activity involving an external market maker. This comes after Binance flagged abnormal behavior linked to several tokens, including $MOVE. ⚠️
What Happened?
📅 March 11 – Binance alerted the Foundation to a market maker violating its liquidity agreement by dumping large amounts of tokens post-TGE.
🚫 Movement Foundation immediately cut ties, notified other platforms, and helped Binance with the investigation.
💰 They’ve already recovered $38M from the rogue actor.
What’s Next?
✅ The Foundation has hired Groom Lake, a top digital asset intelligence agency, to conduct a deep dive.
🪙 The $38M will be used to buy back MOVE tokens on Binance over the next 3 months.
🏦 A ‘Movement Strategic Reserve’ fund will be created, and all repurchased tokens will be sent to the official on-chain wallet:
0xA14...cACe
Why It Matters
Transparency, trust, and long-term value — the Movement Foundation is stepping up!
Since the announcement, $MOVE surged, showing strong community support. 🚀
#MovementNetwork #MOVEtoken #BinanceSquare #CryptoNews #TokenBuyback
