May 3, 2025

Recently, there have been numerous scandals surrounding Mevoment. It is reported that co-founder Rushi Manche has been suspended by the foundation. Notably, Coinbase has announced the delisting of Move, indicating that the Move project team has not been handling things well, to the point where even Coinbase had to announce the delisting.

For such projects, my stance is to not give any more chances and to not trust any of the project's statements. The cryptocurrency space lacks regulation, leading to a mix of good and bad projects, and with so many projects out there, there is no need to give any second chances to those who have committed wrongdoings. In the crypto world, risk should always be the top priority; if risk control is done well, money will naturally follow.

In terms of market trends, there haven't been any significant changes during the May Day holiday, but I consider it to be stable with a slight upward movement, which is a good sign. Moving forward, if the trend does not break, it will continue to rise amidst fluctuations. Personally, I have been somewhat laid-back with my operations lately, especially during the recent holiday, so I will see if there are any fluctuations after the holiday.

Thank you for your attention, and there will be more updates soon.