Main notes
- The move fell more than 21 % in 24 hours, and reached its lowest price ever.
- The co -founder Rushi Manche was suspended after a controversial deal on the market.
- Coinbase Move Trading will stop on May 15 due to the inclusion of standard violations.
The local currency of Etherum Layer-2 movement has been moved, and moved to a record level of $ 0.185 today. At the time of this report, the distinctive symbol is traded about $ 0.19, a decrease of 21 %, after a series of differences.
Low prices follow the comment of the co -founder of the project Rushi Manche by Movement Labs. This disciplinary procedure comes after the market -making deal that involves Rentting and Web3PORT, a 66 million market maker company in the open market, approximately 5 % of the total supply.
We confirm that Rushi Manche has been suspended from the movement laboratories. This decision was taken in light of the ongoing events, and since the third -party review is still being conducted by GROOM Lake regarding organizational governance and recent incidents involving the market maker.
MovementLabsyz movement May 2, 2025
Movement Labs revealed the comment on a publication on May 2 on X. This step followed the Coinbase advertisement that it would hang the transfer trading from May 15, indicating its failure to meet the standards of listing.
This controversy started with an intermediate agreement before Manch and RinichWho gave Web3port significant control over animated symbols. Soon after, the Web3port was said to have liquidated its property for amazing $ 38 million in December 2024.
A violent reaction society
Meanwhile, Binance recently announced that it was outside the market maker participating in misconduct. Although it has not been explicitly named, the description is closely identical to the unloading incident.
Binance noticed that the company whose name did not reveal the unique symbols with the status of the minimum purchase orders, and earned $ 38 million before it was banned from the platform. The Stock Exchange added that these funds have been frozen and will be re -directed to compensate the affected users.
The Movement Network Corporation plans to use the seized profits to launch the re -purchase initiative and create a strategic reserve. However, the investor’s confidence appears to be shaken.
A community member wrote, “The step is now a useless currency.” Others were more optimistic, Noting abroad The suspension is not permanent.
a movement MovementLabskyz Determination of its community and loyalty investors
The difference continues to sell the distinctive symbol so that the entire currency is not written about the house. I am not surprised by the Coinbase Declaration. Other exchanges will soon follow.
The move now is useless pic.twitter.com/k9xsfm9b0v
– omonuwa_web3 (Ø, g)
(@omonuwa67) May 1, 2025
MOVE initially gained momentum in January when he bought World Liberty Financial, a $ 1.9 million of unique symbols.
Outlook Price move
Continuous Transfer low price It led to a loss of $ 135 million from the maximum of the distinctive symbol market. On the daily chart, the relative strength index is near 31 years old, approaching the sale area. This indicates that sellers can exhaust themselves soon, but no clear reflection has been formed yet.
Transfer price scheme Source: Trading Offer
Bollinger ranges show the price that embraces the bottom range, a sign of fluctuation and continuing to drop. The collapse of less than $ 0.18 can make more panic selling $ 0.12.
Meanwhile, the MACD line exceeded the signal line, which can hint to a short -term rise, but this signal is weak given the broader downward trend. Traders can see an immediate resistance at $ 0.24, with stronger pressure near $ 0.30.
Transfer price scheme Source: Trading Offer
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post Movement (MOVE) Tanks 21%: Will Prices Recover Above $1? first appeared on Investorempires.com.
