MOVE Drama Week:
In just 7 days, MOVE became the center of 2025’s biggest crypto scandal. Coinbase announced a surprise delisting without explanation, causing a -14% price drop. The community discovered that market maker Rentech, tied to Web3Port, had received 66M MOVE tokens and dumped them instantly, earning $38M. Binance responded by freezing Rentech’s funds and permanently banning them. Movement Labs admitted the dump, claimed they didn’t know, and announced a $38M buyback. They also removed a co-founder and created a Strategic Reserve. On May 6, Movement tweeted about sending 500M MOVE to Binance for Launchpool — then deleted the post without a trace, sparking panic. Now, the team declares a “new era” focused on transparency and fairness.