The $MOVE saga is a brutal reminder of how fragile trust is in crypto. A single leak exposing a market maker's shady play—Web3Port funneling tokens through Rentech, allegedly manipulating the price to hit a $5B valuation before dumping $38M—torched $MOVE’s rep and sent it crashing -86% from its ATH. No buyback, delayed airdrop, and Coinbase’s delisting just poured fuel on the fire. It’s not hard to see why some are screaming "rug pull."

What’s wild is how this exposes the underbelly of token launches. Market makers are standard, but opaque proxies and profit-chasing schemes like this erode confidence. Movement Labs’ failure to follow through on their buyback promise only deepens the wound. Binance banning Web3Port is a start, but the damage is done.

On the flip side, this is why projects with transparent ecosystems and real utility stand out. Take $INJ—Injective’s focus on decentralized finance and consistent delivery keeps it grounded, even in a volatile market. $MOVE’s collapse is a cautionary tale: hype, big funding, and exchange listings mean nothing without integrity. Curious what others think—will $MOVE recover, or is this a death spiral?

#Move #Injective🔥