$MOVE 🤡 A series of shocking operations
Damn it😡 The scam that started with the airdrop, receiving on the Ethereum network with an extremely low share, promised an initial airdrop of 10%, but in the end, less than 1% was actually received. Choosing to claim on the mainnet is indefinitely delayed, and the coin price has already plummeted.
Market maker Rentech signs agreements with one hand and frantically dumps 66 million MOVE (worth 38 million dollars) with the other.
On the second day after launch, they played 'run fast', and the coin price was directly poured down.
What's even crazier is that Rentech self-directed and acted as both 'foundation front' and 'own little brother' with a dual identity, hiding 'pump and dump' clauses in the agreement, making it a veritable harvesting machine for retail investors.
【Key Developments】
1. High-level suspension: Co-founder Rushi Manche has been temporarily suspended, and third-party organization Groom Lake has intervened to review project governance and protocol vulnerabilities.
2. Exchange response: Binance swiftly closed the market-making account involved, and Coinbase plans to delist MOVE on May 15.
I can't tell you how satisfying this is👍
3. Fund security: Movement claims that the foundation's treasury holds 8.15 billion MOVE, currently under multi-signature supervision, and the involved personnel cannot transfer funds.
4. Market skepticism: The profit-sharing clauses for pumping valuations and then dumping them have been exposed across the network.
Movement pretends to say they want to 'rectify governance', but veteran retail investors say: 🙄 Next time, remember to use a new script; this batch of retail investors is not so easily fooled.
These so-called Web3 projects, what kind of bullshit construction are they talking about, what kind of bullshit layout, are useless to me. As a qualified profit-taker, once the airdrop is in hand, it must be sold😋! Don't worry about selling too early; selling early always makes a profit. Once you have money, you should convert it to BTC or BNB.
