$MOVE
A huge scandal shakes the crypto world: Project $MOVE and the brokerage of collapse
Imagine starting a crypto project with great enthusiasm, and at the moment of launch... the currency collapses massively due to the sale of 66 million tokens in one go!
What happened with $MOVE is the largest "pump & dump" scenario of this year:
A suspicious contract with a company called Rentech gave it complete control over the market.
The goal? To raise the price to 5 billion dollars, then dump the tokens on small investors!
Direct connection with the Chinese Web3Port, and the Binance platform later banned market maker accounts.
The result? A collapse from 5 billion to 400 million, internal scandal, investigations against the founders, and a desperate attempt to regain investor trust by repurchasing tokens.
Is this just a failure? Or an internal scheme to profit at the expense of people?
The lesson? Even projects that appear "respectable" may have hidden hands playing behind the scenes…#MarketPullback #SaylorBTCPurchase #StablecoinPayments
