šŸ”„šŸ’£ MOVEMENT’S TOKEN DUMP SCANDAL EXPOSED! šŸ”„šŸ’£

What Happened? Movement Labs signed a market-making deal that handed a mysterious middleman control of 66 million MOVE tokens, triggering a $38 million crash right after launch.

šŸ¤ Secret Player: The shadowy firm ā€œRentechā€ appeared on both sides of the contract—once as a Web3Port arm, once as Movement Foundation’s agent—raising self-dealing alarms.

🚩 Red Flags: Internal docs flagged the Rentech deal as ā€œpossibly the worst agreementā€ ever seen, with experts warning it incentivized a pump-and-dump on retail investors.

šŸ’„ Insider Rift: Top executives, lawyers, and advisors are under fire—Slack messages show co-founders scrambling to explain how 5% of the token supply ended up in one pocket.

ā›” Binance Ban: After the dump, Binance delisted MOVE, deepening the crisis and smashing investor confidence.

šŸ•µļøā€ā™‚ļø Behind the Scenes: Movement Labs is now investigating whether it was deceived into this $38 million selloff, and whether legal counsel was complicit.

āš–ļø Why It Matters: This scandal exposes how opaque contracts and hidden middlemen can wreck new crypto projects—and why on-chain transparency is non-negotiable.

šŸ”„ Take Action:

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Comment your thoughts on how to protect retail investors next time.

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