MOVE Token Soars 23.6% After 38M Buyback and Mainnet Launch Drive Trading Surge

MOVEUSDT experienced a significant price increase of 23.63% over the past 24 hours, with the current price at $0.1889 (up from a 24h open of $0.1528, according to Binance). This surge is primarily attributed to a combination of factors: the Movement project's recent buyback of 38 million MOVE tokens, ongoing ecosystem developments such as the mainnet launch, and new DeFi and NFT initiatives that have driven renewed interest and trading momentum. The price rally was supported by strong trading volume, particularly during the breakout above resistance levels, reflecting heightened market participation. Despite this sharp upward movement, indicators suggest short-term volatility remains elevated, with potential for near-term consolidation following the rapid gains. Overall, MOVEUSDT is currently trading near its weekly high, showing robust momentum in line with broader market optimism.