MOVE fell into a currency price crisis, and Coinbase announced that it would delist MOVE trading on May 15, and MOVE plummeted by 16% in a short period of time
Coinbase has announced that it will suspend trading on Movement (MOVE) on May 15, 2025 (around 2 p.m. ET).
Recently, Coindesk disclosed that in the early days of the MOVE token issuance, a single entity had abnormal control over the MOVE token, which made 66 million tokens quickly sold off on the first day of listing, making a profit of 38 million U, and the price of MOVE coins plummeted.
As early as March this year, Binance announced that it disclosed this problem, believing that one of Move's market makers had a problem and froze the market maker's related earnings, at which time the MOVE project promised to use the market maker's related earnings to compensate users.
Today, this has evolved into a huge crisis for MOVE.
Binance data shows that MOVE has an all-time high of 1.41U, and the current price is 0.2U, a short-term plunge of 16%.
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