💥MOVE is about to gain “freedom”? 50 million tokens are about to be unlocked, the market may face another impact! 📉

Tokenimist data shows that on May 9, 50 million MOVE will be unlocked, accounting for 2% of the total supply, worth approximately $8.46 million at current prices 💰. Currently, 75.5% of the tokens are locked, with a circulating supply of 2.45 billion.

However, MOVE has plummeted nearly 55% in the past 30 days, with a current price of only $0.169 ⚠️, having fallen below a critical support level. At the beginning of May, market-making scandals resurfaced, and the third-party Manche was suspended for investigation, severely damaging market confidence 💥.

Coinbase will delist MOVE trading on May 15, technical indicators remain bearish 📉, and a reversal seems unlikely in the short term.