Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
The suspected DWF Labs market-making address deposited 13.35 million MOVE into Ceffu 11 hours ago.
according to on-chain analyst @ai_9684xtpa monitoring, two days later, the suspected DWF Labs market-making address recharged 13.35 million MOVE tokens (worth $6.6 million) into Ceffu 11 hours ago, which will not enter the market temporarily.
Data: It is suspected that DWF Labs' market-making address has recharged 13.35 million MOVE into Ceffu, worth about 6.6 million US dollars
According to Auntie Ai's monitoring, it is suspected that the market-making address of DWF Labs recharged 13.35 million MOVE tokens (worth about 6.6 million US dollars) into Ceffu 11 hours ago. In the short term, these tokens will not temporarily enter the market.
MOVE’s Cooling Momentum Suggests Possible Price Consolidation Ahead of Key Support Levels
Movement Network (MOVE) is currently under scrutiny as key technical indicators signal a potential cooling of its recent bullish momentum. Despite a 13% increase over the last week, MOVE’s price action is facing pivotal support levels that could dictate its next moves. “The current downward drift in +DI and the rise of -DI suggest a shift in market sentiment that could lead to further declines,” stated a recent analysis from COINOTAG. An in-depth look at Movement Network (MOVE) reveals signs of potential downward pressure as technical indicators signal a shifting market sentiment. Assessing MOVE’s Current Technical Landscape The advent of Movement Network’s $38 million buyback announcement has certainly stirred up interest, yet the Relative Strength Index (RSI) shows a significant decline to 56 from a recent high of 83, indicating a potential shift in bullish momentum. This change in the RSI, a crucial momentum oscillator, raises questions about the sustainability of MOVE’s recent gains. According to the RSI scale, readings above 70 suggest overbought conditions, which can often lead to corrections. Following the prior momentum phase, MOVE’s recent reading remains in the neutral territory but hints at possible consolidation before a potential next rally. Prior to the spike, MOVE’s RSI was in neutral territory for a substantial 23-day span, reflecting a period marked by price stability. The sharp pullback following its peak further emphasizes the precarious nature of current market conditions. Understanding the Implications of the DMI Trend Analyzing the Direction Movement Index (DMI), the current Average Directional Index (ADX) stands at 32.97, indicating a robust trend has indeed formed. Nonetheless, the movement of the +DI, which has now significantly dropped to 26.6 from 51 two days ago, contrasts with the rise of -DI to 16.41, highlighting a gradual increase in bearish sentiment. This divergence raises concerns about the current bullish trend’s strength. While a strong trend is present, the narrowing gap between the +DI and -DI suggests waning buying momentum and escalating selling pressure, potentially leading to a consolidation phase or a corrective pullback in the near future. Evaluating Key Support Levels for MOVE In the aftermath of MOVE’s impressive 30% price surge on March 25, the altcoin is now facing a likely pullback as it trades approximately 11% below its peak price. Key support levels are pivotal to watch, with the first target set at $0.479. Failure to maintain this level could trigger a further decline toward $0.433 and $0.409, with a more profound drop towards $0.37 possible if bearish momentum persists. Market sentiments will play a crucial role as traders gauge whether the recent sell-off is temporary or the start of a more sustained downtrend. Should confidence in the MOVE ecosystem rebuild, a rebound towards resistance levels such as $0.539 could be viable, potentially paving the way for a breakout above $0.55, previously unbroken, and aiming towards $0.60. Conclusion The current dynamics surrounding Movement Network (MOVE) illustrate a critical juncture as key indicators reflect a cooling off from its recent bullish trends. A robust examination of technical indicators highlights both potential challenges and opportunities for MOVE as it navigates through this consolidation phase. Market watchers will need to closely observe price movements around critical support levels for insights into its future trajectory. In Case You Missed It: Market Confidence Shaken as HYPE Drops After JELLY Exploit: Could Recovery Be Possible?
MOVE repurchase address withdrew 10 million tokens from CEX again 5 minutes ago
According to @ai_9684xtpa monitoring, 5 minutes ago, the MOVE repurchase address once again withdrew 10 million tokens from CEX, worth 4.94 million US dollars. Up to now, the MOVE repurchase address has accumulated a withdrawal of 20 million tokens with a total value of 10.37 million US dollars. The repurchase progress has been updated to 27.3%.
Should Investors Consider Movement Network (MOVE) for April 2025?
Movement Network (MOVE) has been gaining attention after announcing a $38 million buyback in response to improper activity by a Binance market maker. Despite the corrective phase that followed its sharp price spike, MOVE is still up over 13% in the last seven days. Key indicators like RSI and DMI suggest that bullish momentum is cooling off. However, depending on market sentiment, a new trend could still develop. Is MOVE Overbought in the Market? MOVE’s Relative Strength Index (RSI) is currently at 56, down significantly from 83 just two days ago when its price experienced a sharp spike. That happened after the company behind it announced a $38 million buyback after discovering improper activity by a Binance market maker. The RSI is a momentum oscillator that measures the speed and magnitude of price movements on a scale from 0 to 100. Readings above 70 indicate overbought conditions that could lead to a pullback. Readings below 30 suggest oversold conditions that may precede a bounce. Values between 30 and 70 are considered neutral, with 50 acting as the midpoint. MOVE RSI. Source: TradingView. Prior to its recent surge, MOVE’s RSI hovered in the neutral zone for 23 consecutive days. That reflects a period of low momentum and price stability. The sudden spike that pushed RSI into overbought territory was followed by this pullback to 56. That signals that the extreme bullish momentum is cooling off. While 56 remains in neutral territory, it still leans slightly bullish and suggests that the altcoin may be consolidating before its next move. If buying interest returns, the current RSI level gives it room to push higher without being technically overbought. Movement DMI Shows Buyers Could Lose Control In The Next Days MOVE’s DMI chart shows that its Average Directional Index (ADX) is currently at 32.97, holding steady since yesterday after surging from just 9.74 two days ago. The ADX is a key indicator used to measure the strength of a trend on a scale from 0 to 100. Readings below 20 suggest a weak or nonexistent trend. Values between 20 and 25 hint at a trend starting to form, and anything above 25 confirms a strong trend. With MOVE’s ADX now firmly above 30, it signals that the recent price movement has established a solid trend. MOVE DMI. Source: TradingView. Alongside the ADX, the +DI (Positive Directional Indicator) and -DI (Negative Directional Indicator) offer insight into the direction of that trend. Currently, +DI is at 26.6, falling from 51 two days ago. On the other hand, -DI has climbed to 16.41 from 6.43 in the same period. This indicates that bullish momentum has cooled off after the recent surge, while bearish pressure is gradually increasing. Despite the strong trend strength indicated by the ADX, the shrinking gap between +DI and -DI suggests that the bullish momentum is fading. That means the trend may be weakening or transitioning. Based on these indicators, MOVE could now enter a period of consolidation or face a pullback unless new buying pressure emerges. Will MOVE Drop Below $0.40 In April? Following its sharp 30% price surge on March 25, which made it one of the best-performing altcoins of that day, MOVE has entered a corrective phase. The altcoin is now trading 11% below its recent peak. This kind of pullback is not uncommon after such an aggressive move, as traders take profits and momentum cools off. The ongoing correction focuses on several key support levels—$0.479 is the first. If that level fails to hold, MOVE could decline further toward $0.433 and $0.409. Also, a deeper drop toward $0.37 is possible if bearish momentum extends into April. MOVE Price Analysis. Source: TradingView. However, if sentiment around the MOVE ecosystem improves and confidence returns, the current pullback could be short-lived. A rebound could see MOVE retest the resistance at $0.539. A successful breakout above that could open the path to $0.55, which wasn’t broken yesterday, and even $0.60.
The MOVE treasury address transferred 13.35 million tokens to a suspected DWF Labs-associated address three hours ago
According to monitoring by @ai_9684xtpa, the MOVE treasury address transferred 13.35 million tokens to a DWF Labs associated address three hours ago, valued at $7.23 million. Arkham has marked this address as belonging to DWF, but its superior funding source address has also had financial dealings with Wintermute / Jump Crypto in the past, so it is currently unclear which institution it belongs to.
Key Market Intelligence on March 26th, how much did you miss?
Top News 1.WalletConnect Community Votes in Favor of "WCT Transferability" Proposal 2.Pump.fun Co-founder: No Dispute with Raydium, Excited to See Other Teams Propose New Mechanisms 3.Nansen: Smart Money Still Bullish on AI Concept Meme Coins 4.USDT's Total Market Cap Surpasses $144 Billion, Reaching an All-Time High 5.TaoFi to Launch Ethereum to Bittensor EVM Stablecoin Bridge on the 26th Trending Topics Source: Overheard on CT (tg: @overheardonct), Kaito PARTICLENETWORK Today, Particle Network's $PARTI token has garnered significant attention due to an airdrop event and its listing on major exchanges such as Binance and OKX. The token, as a core part of its "Chain Abstraction" plan, aims to enhance the Web3 user experience by simplifying cross-chain interactions. The airdrop accounts for 9% of the total supply, covering early users and participants in multiple rounds of activities. The tokenomics show a total supply of 1 billion tokens, with the current circulating supply at 23.3%. Community discussions focus on token staking features, gas fee discounts, liquidity incentive utility, as well as ecosystem partnerships and future distribution plans. MOVEMENT Today, the key topic of MOVEMENT "MOVE" revolves around Binance's penalty against a certain market maker. The market maker was accused of illicitly selling 66 million MOVE tokens and profiting $38 million. In response, Movement Labs announced a $38 million buyback plan, committing to repurchase MOVE over the next three months to restore ecosystem liquidity and trust. This event has sparked polarized reactions: some support the project's transparent crisis management, while others question the oversight of market maker regulation. Stimulated by the buyback news, the MOVE price has significantly rebounded, becoming a hot topic in the crypto community. GME After GameStop announced the integration of Bitcoin into the company's treasury reserve assets, it quickly ignited Twitter discussions. This move was seen as a strategic shift to align with the trend of institutional Bitcoin holdings. The market sentiment was generally positive, with many speculating on the impact of this decision on its financial strategy and stock price. The quarterly report, released simultaneously with the announcement, showed significant improvements in net income and cash reserves, further increasing investor attention. Featured Articles 1.《Pump.fun Founder Accidentally Reveals Face on Podcast, Related Memes Censored》 Recently, Pump.fun founder Alon was interviewed on the "Ethereum-native" podcast show Bankless, and at 21 minutes 44 seconds, half of his true face was revealed, leading to someone reconstructing Alon's full-face photo. The conversation, originally intended to discuss product philosophy, turned into a trial on whether "meme coins should exist," as Ethereum purists clashed with Solana's ecosystem's most successful anonymous developer. 2.《Asia's Cryptocurrency Battlefield Heating Up: Robinhood and Coinbase's "Eastward Expansion"》 This article details the expansion of Western centralized exchanges (CEX) into the Asian market, with companies like Robinhood and Coinbase expanding into Asia, leveraging regulatory-friendly hubs and localization strategies to tap into the market. Local exchanges, with their strong market positions, continue to maintain a competitive advantage, posing formidable competition for Western exchanges in the battle for dominance in the Asian market. On-Chain Data On-Chain Fund Flows for the Week of March 26
Fake Volume, Pump-and-Dump: Exposing High FDV Token Manipulation
原文标题：Obfuscate the float, pump the token. Uncovering Plato's cave of False float/High FDV tokens 原文作者：Mosi 原文编译：深潮 TechFlow 在代币领域，认知即一切。就像柏拉图的「洞穴寓言」一样，许多投资者被困在阴影中——被不良行为者扭曲的价值投影所误导。在本文中，我将揭露一些由风险投资（VC）资助的项目如何系统性地通过以下方式操控其代币价格： · 将代币的虚假流通量（FALSE float）尽可能维持在高位。 · 将代币的真实流通量（REAL float）尽可能压低（以便更容易拉高代币价格）。 · 利用真实流通量极低的事实来推高代币价格。 从「低流通量/高 FDV（完全稀释估值）」的模式转向「虚假流通量/高 FDV」的模式。 图：不！我不是低浮动/高 FDV 代币！我是「社区优先」! 今年早些时候，模因币（memecoins）人气飙升，将许多 VC 支持的代币挤出了主流视野。这些代币被称为「低流通量/高 FDV」代币。然而，随着 Hyperliquid 的推出，许多 VC 支持的代币变得难以投资。面对这种情况，一些项目并没有解决其存在缺陷的代币经济模型，也没有专注于开发真正的产品，而是选择加倍努力，通过人为压低流通供应量，同时公开声称相反的内容。 抑制流通量对这些项目有利，因为这使得价格操控更加容易。通过幕后交易——例如基金会将锁仓代币出售换取现金，然后在公开市场回购——可以显著提高资本效率。此外，这种做法对做空者和杠杆交易者带来了极大的风险，因为低真实流通量使这些代币极易受到价格拉高和暴跌的影响。 接下来，让我们看看一些实际的例子。这绝不是一个详尽的列表： 1、@MANTRA_Chain 这是最明显的一个例子。对于那些好奇一个仅有 400 万美元总锁仓价值（TVL）的项目，如何能拥有超过 100 亿美元完全稀释估值（FDV）的人来说，答案非常简单：他们掌控了大部分的$OM 流通量。Mantra 在一个单一的钱包中持有 792M $OM（即 90% 的供应量）。这并不复杂——他们甚至懒得将这些供应分散到多个钱包中。 当我向 @jp_mullin888 询问此事时，他声称这是一个「镜像存储钱包」。这完全是胡说八道。 那么，我们如何得知 Mantra 的真实流通量（real float）呢？ 我们可以通过以下计算得出： 980M（流通供应量）- 792M $OM（团队控制的部分）= 188M $OM 然而，这 188M $OM 的数字可能也并不准确。团队仍然控制着相当一部分的$OM，他们利用这些代币对自己的空投进行女巫攻击（sybil attack），进一步榨取退出流动性（exit liquidity），并继续控制流通量。他们部署了约 100M $OM 用于女巫攻击自己的空投，因此我们也需要从真实流通量中扣除这部分代币。更多相关信息可以在此查看： 最终，我们得出的真实流通量是……咚咚锵……仅有 88M $OM！（假设团队没有控制更多的供应量，但这个假设显然很不靠谱）。这使得 Mantra 的真实流通量仅为 526 万美元，与 CoinMarketCap 上显示的 63 亿美元形成了巨大的差距。 较低的真实流通量（real float）让操控$OM 的价格变得轻而易举，同时也能轻松清算任何做空仓位。交易者应该对做空$OM 感到恐惧，因为团队掌控着大部分流通量，可以随意拉高或砸盘价格。这种情况就像试图与 @DWFLabs 在某个垃圾币（shitcoin）上对赌一样。 我怀疑当前的价格走势背后可能涉及 Tritaurian Capital——这家公司从 @SOMA_finance 借贷了 150 万美元（@jp_mullin888 是 SOMA 的联合创始人，而 Tritaurian 由 Jim Preissler 拥有，后者是 JPM 在 Trade.io 的老板）——以及中东的一些基金和做市商。这些操作进一步压缩了真实流通量，使其计算变得更加困难。 这或许也解释了他们不愿意释放空投并决定实施锁仓期的原因。如果他们真的进行了空投，真实流通量将显著增加，可能会导致价格大幅下跌。 这并不是什么复杂的金融工程，但看起来像是一个有意为之的计划，目的是减少代币的真实流通量并推高$OM 的价格。 2、@movementlabsxyz：在空投领取过程中，Movement 允许用户选择以下两种方式之一：在以太坊主网（ETH Mainnet）领取空投；为了获得少量奖励，在他们尚未推出的链上领取空投。然而，在领取开启仅数小时后，他们采取了一系列操作： · 对所有在以太坊主网领取的用户增加了一笔费用，该费用为 0.015 ETH（当时约为 56 美元），外加以太坊的燃气费（Gas Fee），这让许多小额余额的测试网用户望而却步； · 将以太坊主网的分配量减少了 80% 以上，同时仍然保留上述费用； · 停止了领取流程； · 将领取时间限制在非常短的期限内。 结果显而易见，只有 5870 万枚 MOVE 被领取。也就是说，在原本计划发放的 10 亿 MOVE 中，仅有 5% 被成功领取。 接下来，让我们像分析 Mantra 一样，对 MOVE 进行相同的计算。据 CoinMarketCap 显示，MOVE 的自报流通供应量为 24.5 亿（2,450,000,000）。 然而，根据 Move 的饼图数据，空投后应该只有 20 亿（2B，基金会+初始领取）代币在流通。因此，这里就已经开始出现可疑操作，因为有 4.5 亿（450,000,000）MOVE 无法被解释。 计算如下： 2,450,000,000 MOVE（自报流通供应量）- 1,000,000,000 MOVE（基金会分配）- 941,000,000 MOVE（未领取供应量）= 5.09 亿（509,000,000）MOVE，或 2.03 亿美元的真实流通量（REAL float）。 这意味着，真实流通量仅为自报流通供应量的 20%！此外，我很难相信这 5.09 亿 MOVE 中的每一枚都在用户手中，但暂且不论这一点，我们假设这就是实际的真实流通量。 那么，在这段真实流通量极低的时期里，发生了什么？ · Movement 向 WLFI 支付费用，要求他们购买 MOVE 代币。 · Movement 向 REX-Osprey 支付费用，要求他们为 MOVE 申请 ETF。 · Rushi（相关负责人）去了纽约证券交易平台（NYSE）。 · Movement 与基金和做市商进行了一系列复杂操作，将锁仓代币出售给他们以换取现金，从而让这些机构可以竞价并推高价格。 · 团队在 Bybit 平台的价格顶点时存入了 1.5 亿（150,000,000）MOVE 代币。他们可能从价格顶点开始抛售，因为自那之后代币价格一直在下跌。 · 在代币生成事件（TGE）前后，团队每月向一家中国的 KOL（关键意见领袖）营销机构支付 70 万美元，以便在 Binance 上架，从而在亚洲市场获取更多退出流动性。 这是巧合吗？我不这么认为。 正如 Rushi 所说： Kaito： @Kaitoai 是这个列表中唯一一个拥有真正产品的项目。然而，他们在当前的空投活动中也采取了类似的行为。 正如 CBB 上文指出的那样，Kaito 分发了他们的空投，但只有很小一部分人实际领取了。这同样影响了真实流通量（Real Float）。让我们来计算一下： 根据 CoinMarketCap 的数据，Kaito 的流通供应量为 2.41 亿（241,000,000），市值为 3.14 亿美元。我假设这个数字包括了：Binance 持币用户、流动性激励、基金会分配以及初始社区和领取份额。 让我们拆解这些数据，找出真实流通量： 真实流通量 = 241,000,000 KAITO - 68,000,000（未领取的数量）+ 100,000,000（基金会持有）= 7300 万（73,000,000）KAITO 这意味着真实流通量对应的市值仅为 9490 万美元，远低于 CMC 报告的数值。 Kaito 是这个列表中唯一一个我愿意给予一定信任的项目，因为他们至少拥有一个能够产生收入的产品，并且据我所知，他们并没有像其他两个团队那样参与过多的可疑操作。 解决方案与结论 1、CMC 和 Coingecko 应列出代币的真实流通量，而不是团队提交的那些不可信的数字。 2、Binance 等交易平台应以某种方式积极惩罚这种行为。当前的上币模式存在问题，因为正如 Movement 所做的那样，你可以简单地支付一家 KOL 营销机构以在 TGE 前提升在亚洲的参与度。 3、价格可能在我写这篇文章时已经发生了变化，但作为参考，我取的价格是：Move 为$0.4，KAITO 为$1.3，Mantra 为$6。 4、如果你是一名交易者，远离这些代币。因为这些团队可以随心所欲地操控价格。他们掌控了所有的流通量，因此也控制了资金流动和代币价格。（非财务建议，NFA） 原文链接
Movement cuts ties with market maker, to buy back $38m MOVE
Movement Foundation has terminated its partnership with a market maker over breach of agreement. The unnamed market maker sold 66 million MOVE shortly after Movement’s token generation event in December. Movement has announced a $38m buyback program for MOVE. The Movement Network Foundation, the organization looking to empower the Move Virtual Machine blockchain ecosystem, has cut ties with an unnamed market maker amid the market maker’s breach of trust. As well as ending all relationships with the market maker, the foundation has announced a $38 million buyback program for the Movement native token MOVE. The news has seen the price of MOVE bounce higher in the past 24 hours, rising by 7% at the time of writing to touch highs of $0.47 on major exchanges. What happened? Movement Network Foundation’s announcement follows a similar update from Binance, the world’s largest crypto exchange by volume. Per both Binance and Movement Foundation, the unnamed market maker violated agreed-upon terms, and is linked to a previous entity that Binance offboarded due to nefarious actions According to Binance, the said market maker sold 66 million MOVE tokens just a day after the token’s listing. This happened on December 10, 2024 and saw the entity net $38 million in profit in USDT before Binance terminated the relationship on March 18, 2025. Movement Foundation explained what happened in a blog announcement: “Thanks to Binance, we learned that shortly after the $MOVE TGE in December 2024, the market maker sold a substantial amount of $MOVE without completing meaningful buy orders. This happened against our wishes, without our consent, and was in breach of our agreement, which required the MM to provide liquidity on both sides of the $MOVE/$USDT pair.” Recovered $38 million to go into MOVE buyback program Movement Labs, Movement Foundation and Binance have since collaborated as a recovery plan swung into action. The funds recovered add up to $38 million and is what Movement Foundation is committing to a buyback program. “All cash proceeds recovered from the Market Maker will be used by the Movement Network Foundation to establish the Movement Strategic Reserve: a 38M $USDT buyback program to purchase $MOVE for long-term use and to return the USDT liquidity to the Movement ecosystem,” the Movement Foundation said. Movement’s buyback plan will occur over the next three months and involve MOVE purchases on the open market. The buying will happen on Binance. Given MOVE’s huge traction across the MoveVM ecosystem, a successful repurchase program could aid bulls. The MOVE token traded to an all-time high of $1.45 on its market debut. However, it’s currently 69% off that peak as the crypto downturn added to the sell-off pressure.
The repurchase progress of SHELL has exceeded 80%, and the repurchase progress of GPS is currently 0%
as reported by Ai Yi, in the token repurchase caused by "market makers' misconduct", MOVE has repurchased 10 million tokens (5.44 million US dollars), accounting for 14.31% of the total target, with a 31.62% price increase since March 25; SHELL repurchase progress is 81.12%, with a 8.07% price increase; GPS repurchase progress is 0%, but the price has increased by 4.19% since March 23.
Movement Network recovers $38M to buy back MOVE tokens
The Movement Network Foundation has announced plans to use $38 million in recovered funds to repurchase MOVE (CRYPTO:MOVE) tokens over three months, following a market manipulation incident involving a rogue liquidity provider. Binance froze $38 million in USDT (CRYPTO:USDT) from the market maker after detecting irregularities, including the sale of 66 million MOVE tokens paired with minimal buy orders. The exchange offboarded the market maker for violating its policies, citing “market irregularities” that destabilised MOVE’s price. The recovered funds will fuel a buyback program via the Movement Strategic Reserve, with purchased tokens stored in a dedicated wallet. “All cash proceeds recovered from the Market Maker will be used… to return the USDT liquidity to the Movement ecosystem,” the foundation stated. This follows Binance’s broader crackdown on affiliated market makers, including recent actions against GoPlus Security and MyShell. Separately, Binance is investigating a staff member for alleged insider trading, highlighting ongoing efforts to address misconduct. The MOVE buyback aims to restore confidence after the market maker’s actions, though analysts will monitor whether the reserve’s liquidity injections stabilise the token’s value. The incident underscores risks tied to centralised liquidity providers and the importance of exchange oversight. While the recovery and buyback signal proactive governance, long-term success hinges on preventing similar exploits and maintaining transparency. At the time of reporting, the Movement (MOVE) price was $0.5703.
The repurchase progress of SHELL has exceeded 80%, while the repurchase progress of GPS is currently at 0%
According to Auntie Ai's summary, due to the "market maker's malpractice", in the token repurchase, MOVE has currently repurchased 10 million tokens ($5.44 million), accounting for 14.31% of the total target, and since March 25th, its price has increased by 31.62%; SHELL's repurchase progress is at 81.12%, with a coin price increase of 8.07%; GPS' repurchase progress is at 0%, but its coin price has risen by 4.19% since March 23rd.
Movement has repurchased 10 million MOVE on CEX
According to on-chain analyst Yu Jing, Movement announced yesterday that they would use the $38 million net profit from market makers to repurchase MOVE. They have currently repurchased 10 million (worth $5.44 million) on CEX and returned it to the chain address five hours ago.
Are Market Makers Creating Crypto Chaos? Analyzing the Web3port Controversy
Market makers play a vital role in the crypto ecosystem, providing liquidity, ensuring efficient trading, and preventing excessive price volatility. Exchanges like Binance even incentivize market makers through dedicated programs to keep bid-ask spreads tight and order books deep, which benefits traders and projects alike. However, recent controversies surrounding market makers raise concerns about whether they are acting as stabilizing forces or exploiting their position for massive profits at the expense of retail investors. Web3port Controversy: A Market Maker’s Power Play? Market makers continuously place buy and sell orders, ensuring traders can execute transactions without significant price fluctuations. Without market makers, liquidity would be lower, spreads would be wider, and price slippage would be more severe, making trading riskier. Market makers guarding liquidity. Source: B2Broker Binance, the world’s largest exchange by trading volume metrics, runs a Market Maker Program. The project rewards participants for maintaining high liquidity and preventing projects from falling below exchange requirements, potentially avoiding delisting. “Market Makers will be given a composite score based on their performance across the various pairs,” Binance said in 2019. Meanwhile, recent investigations have unveiled a shocking case involving Web3port. The market maker is linked to multiple projects on Binance, including GoPlus Security (GPS), Myshell (SHELL), and Movement (MOVE). Crypto analyst Jason Chen alleged that Web3port amassed an astonishing $38 million in profits from just one project while retail investors suffered major losses. “..it is basically confirmed that the market makers of Goplus, Myshell, and Movement, which were recently investigated by Binance, are all the same Web3port.What is jaw-dropping is how a market maker with such behavior can have the strength to sign so many projects in succession. And what is even more terrifying is that it actually made 38 million US dollars on just one project,” Chen stated. According to Chen, this profitability is too exaggerated, with the entire crypto circle working for market makers. The controversy escalated when Binance took action against Web3port’s market-making activities. The exchange disclosed that a market maker for the Movement (MOVE) project engaged in suspicious trading. Specifically, it dumped 66 million MOVE tokens a day after launch while placing few buy orders. This resulted in sharp price declines that harmed retail investors. How market makers make money. Source: B2Broker As a result, Binance froze the market maker’s earnings and delisted it from the platform. It also required the MOVE project to compensate affected users. “It feels like Binance is now sharpening its knife to attack market makers, killing big players and dividing land,” Chen added. Delayed Action: Was Binance Complicit? Despite Binance’s recent crackdown on rogue market makers, questions remain about why the exchange took four months to address these issues. Colin Wu, the respected blockchain journalist behind Wu Blockchain, noted that while tens of millions of dollars worth of tokens were offloaded in December 2024, Binance only publicly addressed the misconduct in March 2025. “How could Binance not have noticed that tens of millions of dollars were wasted in December? If it was a wrong behavior, why didn’t they punish it at the time? Why didn’t they disclose it 4 months later?” Wu posed. Some speculate that Binance may have benefited from the heightened trading activity caused by these market makers. Higher volatility increases trading volumes, generating more fee revenue for exchanges. Wu questioned whether Binance knew these irregularities but only acted when scrutiny intensified. Meanwhile, Binance has a history of market-making controversies, including a 2023 lawsuit from the US SEC (Securities and Exchange Commission). The regulator accused the exchange of facilitating wash trading through market maker Sigma Chain. This case resulted in Binance paying a $4.3 billion fine. Given the regulatory crackdown, Binance’s recent actions against Web3port and others might be an effort to clean up its operations and avoid further legal troubles. Elsewhere, market makers have also been implicated in the collapse of major projects. Speculation has it that a large market maker contributed to the downfall of Terraform Labs. The depegging of Terra’s UST stablecoin in 2022 was allegedly linked to coordinated sell-offs, raising concerns about the unchecked power of market makers in the crypto space. While market makers are essential for liquidity, their ability to manipulate prices and amass massive profits raises ethical concerns. Are they stabilizers of the market or hidden manipulators extracting profits at the expense of unsuspecting traders?
$38M Buyback Announced by Movement Network for MOVE Token
What to Know: $38M buyback of MOVE tokens announced by Movement Network. Move token price sees 4.6% increase in 24 hours. Investors show positive response, influencing market conditions. $38M Buyback Announced by Movement Network for MOVE Token Movement Network has unveiled a strategic $38M buyback initiative for its MOVE tokens on March 25, 2025. Designed to strengthen market confidence, this buyback aims to positively influence the token’s valuation by reducing supply pressures. By committing substantial resources, Movement Network hopes to send a strong signal of confidence to existing and potential investors, reaffirming their commitment to the token’s long-term value proposition. Token buybacks generally indicate a strong vote of confidence from the company management and can serve as a catalyst for a bullish trend, as quoted by financial analysts observing recent crypto market behavior. Market Reacts: 4.6% Rise in MOVE Token Price Immediate market responses to the buyback announcement were significant. MOVE token’s price increased by 4.6% over the past 24 hours with a notable 106.66% rise in trading volume. Experts from the industry, according to data from CoinMarketCap , attribute this boost to heightened investor interest and increasing trading activities. CoinMarketCap data highlights the following information on the MOVE token: MoveApp, symbol MOVE, has a current price of $0.448. It boasts a market cap of approximately $1.1 billion, with dominance at 0.0387%. The fully diluted market cap is nearly $4.5 billion. Trading volume reached over $97.4 million, marking a 106.67% increase. Price variations include +4.68% over 24 hours, with shifts of +2.84% in 7 days, -9.67% in 30 days, -33.15% in 60 days, and -56.70% in 90 days. Circulating supply remains at 2.45 billion, with a max supply of 10 billion tokens. Updates are current as of March 25, 2025 (Source: CoinMarketCap). Strategic Insights: Token Buybacks and Market Confidence Similar strategic buybacks have been employed in the industry to promptly address and influence token liquidity and investor sentiments. For instance, past buyback initiatives in the crypto sector often lead to short-term price increases and long-term stability. Experts suggest such actions typically bolster community trust, particularly amidst market volatility. Future projections indicate potential volatility in the token valuation post-buyback, given the historical precedence of similar events. Analysts forecast a transitional phase where market reactions could stabilize, yielding consistent growth fueled by renewed investor confidence and enhanced market strategies by Movement Network.
Revolutionary DeFi Token Listings: Hyperliquid Unleashes HyperCore and HyperEVM for Permissionless Access
Are you ready for a seismic shift in the DeFi landscape? Hyperliquid, a name synonymous with innovation in the crypto exchange realm, has just dropped a bombshell that could redefine how DeFi token listings are approached. Imagine a world where listing your token is as straightforward as deploying a smart contract. That world is closer than you think, thanks to Hyperliquid’s groundbreaking integration. Unveiling the Power of HyperCore and HyperEVM for DeFi Token Listings Hyperliquid has officially announced the integration of HyperCore and HyperEVM on its mainnet. This isn’t just another upgrade; it’s a strategic move that fundamentally alters the dynamics of DeFi token listings. But what exactly does this integration mean for developers and the broader DeFi ecosystem? At its core, this integration empowers developers to list their tokens permissionlessly. Yes, you read that right – permissionlessly! This means bypassing the traditional gatekeepers and centralized processes often associated with listing new tokens on exchanges. Think of it as opening up the floodgates for innovation and accessibility within the DeFi space. According to a report by The Block, this initiative is designed to streamline the entire lifecycle of DeFi projects, from the initial stages of contract issuance to the crucial moment of on-chain trading. It’s about making the journey from concept to market as seamless and efficient as possible. HyperCore and HyperEVM: What Are They and Why Do They Matter for Permissionless Listings? Let’s break down the key components of this integration: HyperCore: Imagine HyperCore as the robust, high-performance engine driving Hyperliquid. It’s the underlying infrastructure that ensures speed, efficiency, and scalability. By integrating HyperCore, Hyperliquid is leveraging its own battle-tested technology to support a wider range of operations. HyperEVM: HyperEVM, on the other hand, is Hyperliquid’s take on the Ethereum Virtual Machine (EVM). It’s designed to be compatible with Ethereum’s smart contracts and tools, making it easier for Ethereum-based projects to transition and operate within the Hyperliquid ecosystem. This compatibility is crucial for attracting a broad spectrum of DeFi projects looking for efficient and scalable solutions for permissionless listings. The synergy between HyperCore and HyperEVM is where the magic happens. HyperEVM provides the familiar environment for Ethereum developers, while HyperCore ensures the performance and scalability needed for seamless DeFi token listings and trading. This combination is particularly potent for projects aiming to list and trade tokens like HYPE, Hyperliquid’s native token, across different systems. The Transformative Benefits of Permissionless DeFi Token Listings on Hyperliquid Why should you be excited about this development? The benefits of permissionless listings on Hyperliquid are manifold and far-reaching: Democratization of Access: Permissionless listings level the playing field. Smaller projects and emerging tokens now have a direct pathway to list on a reputable platform without navigating complex approval processes. This is a huge win for innovation and inclusivity in DeFi. Faster Time to Market: The traditional listing process can be lengthy and cumbersome. By removing the need for permission, Hyperliquid significantly reduces the time it takes for projects to list their tokens and gain access to liquidity. This speed is critical in the fast-paced world of crypto. Reduced Barriers to Entry: The costs and complexities associated with centralized listing processes can be prohibitive for many projects. Permissionless listings drastically lower these barriers, making it more economically viable for a wider range of tokens to enter the market. Increased Innovation: When listing becomes easier, more projects are incentivized to launch and experiment. This influx of new tokens and ideas can fuel innovation across the DeFi space, leading to more diverse and robust ecosystems. Enhanced Asset Movement: The integration facilitates smoother movement of assets like HYPE between different systems. This interoperability is crucial for a connected and efficient DeFi ecosystem, allowing users to manage their assets more freely. Are There Any Challenges to Consider with Permissionless Listings? While the benefits of permissionless listings are compelling, it’s important to acknowledge potential challenges: Increased Risk of Low-Quality Projects: Lowering the barriers to entry can also mean that projects with less robust foundations or even malicious intent might find it easier to list. Due diligence becomes even more crucial for users navigating this landscape. Liquidity Fragmentation: While permissionless listings increase the number of listed tokens, it could potentially lead to liquidity being spread across a larger number of assets, potentially impacting trading efficiency for some tokens. Need for Enhanced Due Diligence: With permissionless listings, the onus of vetting projects shifts more towards individual users and the community. Robust due diligence tools and practices will be essential to navigate this new environment safely. However, these challenges are not insurmountable. They highlight the need for responsible participation and the development of tools and community-driven mechanisms to ensure quality and safety within the permissionless listings ecosystem. Examples of DeFi Projects That Could Benefit from Hyperliquid’s Integration Imagine a promising new decentralized lending protocol launching its token. With Hyperliquid’s integration, they can: Deploy their token contract on HyperEVM. Leverage Hyperliquid’s infrastructure for immediate listing. Gain access to Hyperliquid’s user base and liquidity pools. Streamline their token’s journey from inception to trading. Similarly, established DeFi projects looking to expand their reach and explore new ecosystems can seamlessly integrate with Hyperliquid and list their tokens, tapping into a new market segment and enhancing their token’s utility. Navigating the Future of DeFi with Hyperliquid’s Revolutionary Token Listings Hyperliquid’s integration of HyperCore and HyperEVM for DeFi token listings marks a significant leap forward for the DeFi space. It’s a bold move towards greater accessibility, efficiency, and democratization. By embracing permissionless listings, Hyperliquid is not just streamlining processes; it’s fostering a more vibrant and inclusive DeFi ecosystem. For developers, this means unprecedented opportunities to bring their projects to market faster and more efficiently. For users, it opens up access to a wider range of tokens and investment opportunities. As the DeFi landscape continues to evolve, Hyperliquid’s innovative approach to permissionless listings could very well set a new standard for the industry. Conclusion: A Bold Step Towards a More Open DeFi Future Hyperliquid’s integration is more than just a technical upgrade; it’s a philosophical statement about the future of DeFi. It champions the principles of decentralization and permissionless access, paving the way for a more open, innovative, and user-centric financial system. As we witness the unfolding impact of this integration, one thing is clear: Hyperliquid is not just participating in the DeFi revolution; it’s actively leading it, one DeFi token listing at a time. To learn more about the latest DeFi trends, explore our article on key developments shaping DeFi innovation. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
MOVE Surges 30% Following Strategic Reserve Launch for Market Maker Misconduct
MOVE token price jumped by over 30% today. Movement Network Foundation announced a Movement Strategic Reserve in response to a market maker misconduct. Movement Network Foundation’s native token, MOVE price is witnessing a considerable surge today. The crypto project has been making headlines since yesterday for its association with a malicious market maker. In response to the misconduct of this market maker, Movement announced a strategic token reserve yesterday. MOVE Price (Source: CoinMarketCap ) MOVE token is trading at $0.5562 with a 23.65% daily surge at the time of reporting. While its market cap is hovering around $1.36 billion, its 24-hour trading volume surged a whopping 1,748%. With this price surge, the MOVE token finally broke its week-long downtrend. After reaching a peak of $0.5936, it is now trading at the $0.55 price level. Market Maker’s Misconduct Pushed for a MOVE Strategic Reserve The Movement Network Foundation announced a MOVE token strategic reserve yesterday. It is going to use the recovered funds from the malicious market maker to establish this. Over the next 3 months, the foundation will purchase MOVE tokens from Binance and transfer them to the reserve periodically. It expressed its gratitude to Binance for informing them regarding the malicious market maker that dumped 66 million MOVE tokens. The Movement Foundation further stated, “The Movement Network remains secure and strong. Our technology, our team, and our vision remain unchanged. If anything, we’re more committed than ever to building an ecosystem you can trust.” It all started with Binance’s meticulous investigation, followed by an announcement yesterday. Binance offboarded the aforementioned market maker for its misconduct and reminded its principles and rules for market makers of its platform. After it broke the news to the Movement Foundation, they collaborated and successfully recovered funds. Binance set clear rules in place for existing and future market makers on the platform. It strictly prohibited market manipulation and warned MMs that Binance would take action against malicious market makers to protect its users. Highlighted Crypto News Today: Ripple Closes Final Settlement with SEC as Lawsuit Ends
Movement (MOVE) Soars 18% amid Token Buyback Announcement
Key Notes MOVE surged 18% on March 26 after a $38 million buyback program announcement. Movement Network recovered $38 million from its market maker through Binance. The buyback will occur on Binance over the next three months . Movement’s native token MOVE surged by 18% on March 26, following the network’s announcement of a $38 million buyback program. Movement is planning to establish a Strategic Reserve after recovering funds from a market maker accused of violating contractual obligations. Binance had previously banned the market maker due to its rule-breaking practices. Movement revealed that the market maker had engaged in one-sided trading practices, placing large sell orders without corresponding buy orders. This disrupted the token’s liquidity and allowed the market maker to profit by $38 million unfairly. Movement subsequently took legal action and successfully recovered the funds. Notably, the MOVE purchases using $38 million in recovered USDT will occur on Binance over the next three months, according to the announcement . “[These funds will be] used to purchase MOVE for long-term use and return the USDT liquidity to the Movement ecosystem,” the project stated. This move has sparked bullish sentiment among investors, driving the token’s value upward. MOVE Price Outlook MOVE is currently trading at $0.5532 , marking an 18% gain over the past day. The rally also increased its market capitalization by 18%, bringing it to $1.33 billion. MOVE had been trading within a parallel channel between $0.37 and $0.54 for the past month. The token recently broke through the $0.54 resistance and reached an intraday high of $0.58. That’s its highest level in over a month. Related article: Broccoli Meme Coin Skyrockets 50% After Binance Unveils Support However, despite the recent surge, MOVE remains 62% below its all-time high of $1.45, achieved in December 2024. On the daily price chart, the RSI currently sits at 61, indicating increased buying pressure but still below overbought territory. This suggests more room for upward movement. Meanwhile, MOVE price has broken through the upper Bollinger Band, signaling heightened volatility. If the token holds above the middle band (around $0.47), it could sustain the uptrend. However, a re-test of this level is possible if profit-taking occurs. The MACD line has crossed above the signal line, signaling positive momentum. Additionally, the expanding histogram suggests increasing bullish strength. If bulls maintain control, MOVE could target the $0.60–$0.63 range in the short term. However, any close below $0.4550 could lead to a reversal toward $0.37 support. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
700% Volume Spike Sends MOVE Price Soaring Post-Buyback: April Outlook
Movement (MOVE) surges with a 700% spike in trading volume over the last 24 hours, reaching a price of $0.5452. This follows a substantial 28% increase in price, reaching $0.5512 earlier in the day. The rally follows Movement Labs’ announcement of a $38 million buyback plan after recovering funds from a troubled market maker. The Movement (MOVE) cryptocurrency has seen an extraordinary surge, leading the 24-hour gains with a massive 700% spike in trading volume. This intense market activity also took the price to $0.5452, following an earlier 28% jump that took it to $0.5512, with a daily high of $0.5986, according to data from CoinMarketCap . Investors are now keenly observing whether this altcoin, with a market capitalization of $1.33 billion, can sustain this explosive momentum. Please also note that the MOVE token has successfully moved back above its 20-day EMA (Exponential Moving Average) at $0.4712, although it still trades at a notable 61.83% discount compared to its all-time high of $1.45. This sharp upward price movement comes on the heels of an announcement from Movement Labs detailing their $38 million buyback plan . This plan is being implemented following the recovery of funds from their market maker, with assistance from Binance exchange. Technical Signals Point to Further Gains for MOVE Crypto analyst “Captain Faibik” drew attention to MOVE’s technical breakout from a descending channel pattern on the daily price chart. Based on the chart shared by the analyst, the breakout appears to be confirmed, with MOVE decisively breaking above the upper boundary of the channel. This move was accompanied by the now evident significant increase in trading volume. $MOVE is finally Breaking out of Descending Channel on the Daily TF.. Looks Promising for the +80% Bullish Rally in the Coming Days.. 📈 #Crypto #MOVE #MOVEUSDT pic.twitter.com/n4gKubeda8 — Captain Faibik 🐺 (@CryptoFaibik) March 25, 2025 This technical action often is noticed when there is strong buying interest alongside a positive market shift towards the asset. Although this breakout aligns with the analyst’s prediction of a potential 80% price surge, key resistance levels still need to be overcome before a sustained upward trend can be confidently declared. Latest Price Analysis for MOVE According to the provided chart analysis, MOVE’s price action has not only pushed past the 20-day Simple Moving Average (SMA) but has also touched the upper Bollinger Band, which sits around $0.5367. The widening of the Bollinger Bands typically indicates increased price volatility, suggesting the possibility of a continued bullish push. Related: Trump-backed World Liberty Financial’s crypto buys spark insider trading speculation If the price manages to consolidate above the $0.53 level, MOVE could then aim to test the next resistance level around $0.60 and move higher. The Relative Strength Index (RSI) for MOVE has also seen a significant increase, reaching 60.10. This reading also denotes growing bullish momentum. However, the angle of the RSI line suggests that this bullish pressure might be starting to slightly decline. What Was the Controversy with the Market Maker and How Did Binance Help? MOVE’s recent price rally is closely linked to Movement Labs successfully recovering $38 million in funds from its market maker. Binance disclosed that this market maker had engaged in unethical one-sided trading practices. Instead of fulfilling their obligations to provide liquidity for the MOVE token, they reportedly dumped 66 million MOVE tokens shortly after the token got listed. Movement $MOVE Secures $38M for Token Buybacks 🚨 Through Binance, Movement Network was able to recover $38 million from its market maker. The money is now going toward strategic reserve $MOVE buybacks. #MOVE “Purchases of $MOVE using the 38M $USDT recovered from the market… pic.twitter.com/zDP86HLvil — CryptoDaku (@CryptoDaku_) March 26, 2025 Following intervention by Binance, the problematic market maker was offboarded from the platform on March 18th. The recovered funds will now be used by Movement Labs to purchase MOVE tokens on Binance over the next three months as part of their buyback program. Related: Movement (MOVE) Price Prediction 2025-2030: Will MOVE Price Hit $5 Soon? Binance has reaffirmed its commitment to strict compliance measures, stating that any market makers authorized by projects who are found to be engaging in misconduct will face severe consequences on the platform. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Movement Network Foundation Recovers $38 Million from Market Maker for Token Buyback Program
The Movement Network organization has announced plans to use $38 million recovered from a market maker to repurchase MOVE tokens within the next three months. On March 24, the Movement Network Foundation recovered approximately $38 million in assets from a market maker responsible for providing liquidity for the MOVE token on Binance. Binance took action against the market maker due to market irregularities, freezing their profits and prohibiting further market-making activities. Market makers play a crucial role in providing liquidity for crypto tokens to ensure smooth trading on exchanges. The recovered funds will be used by the Movement Network Foundation to establish a $38 million USDT buyback program for MOVE tokens.
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