MOVE Token Scandal News: Who and How Market Manipulation Led to a Massive Price Drop #Trump100Days
A massive scandal has rocked the cryptocurrency world, and it's all about the MOVE token. What was supposed to be a successful launch for MOVE ended in disaster, causing its price to plummet to an all-time low of $0.219. Behind this sudden collapse lies a financial deal that was supposed to boost the coin's success, but instead led to market manipulation and shady tactics.
Who is behind this cryptocurrency mess, and how did things get so bad? Let's go over the details.
A deceptive deal leads to a price collapse. The Movement Foundation, which is behind the launch of MOVE, is currently under investigation for signing a deal that gave one party disproportionate control over the token market. This agreement gave Web Port, a Chinese market maker linked to Donald Trump's World Liberty Financial, significant influence
This led to the sale of 66 million MOVE tokens just one day after their launch in December. This massive token sale led to a sharp price drop and sparked accusations of insider trading