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The market is reacting positively to Movement's pledge to do a $38 million token buyback to create a Movement Strategic Reserve.
Movement Foundation has cut ties with the market maker and will use the recovered $38 million to buy back MOVE over the next few months.
Movement, a new kid on the block with a market cap of $1.3 billion launched just this December, has landed on some hot waters after a Binance investigation regarding a market maker.
TL;DR Movement Network has announced a $38 million buyback of MOVE tokens after uncovering improper activity by a market maker operating on Binance. The buyback program, financed with recovered USDT, will run over the next three months as a strategy to restore market confidence.
Cryptocurrency exchange Binance has issued an announcement regarding the penalization of a market maker for the Movement (MOVE) project.
Binance offboards a market maker linked to Movement's MOVE token after $38M profit from irregular trading, freezing proceeds for user compensation and enforcing strict market integrity measures. The post Binance Ends Market-Making for Movement (MOVE) Project appeared first on Cryptonews.
Binance has removed the market maker responsible for earning $38M from aggressively selling Movement (MOVE). The Movement project has also ended its partnership with the market maker.
The organization behind the Movement Network said it will use $38 million recovered from a market maker to buy back MOVE tokens over the next three months.On March 24, the Movement Network Foundation said it recovered about $38 million in assets from a market maker tasked with providing liquidity on buy and sell orders for the Movement (MOVE) token on Binance. Binance offboarded the market maker due to “market irregularities.
Following an alleged breach of contract by a market maker, Movement Network has initiated a $38 million buyback program for its MOVE token. In a Mar.
Story Highlights The MOVE price today is . MOVE price could shoot to a maximum of $1.1498 in 2025. The Movement token price is expected to reach a maximum of $12.0567 by 2030.
Crypto whales have been accumulating Optimism (OP), Movement (MOVE), and Onyxcoin (XCN), signaling potential opportunities despite recent market corrections. Based on the accumulation pattern, these three tokens could potentially be considered the best crypto to buy now.
Rex Shares and Osprey Funds have submitted a request to list an ETF based on MOVE, the native token of the Movement network, a new Layer 2 of Ethereum.
A bearish reversal at the nearby resistance zone appeared more likely due to price structure and lack of buying pressure.
While almost the entire crypto market is currently struggling & trading in red Movement Network (Move) token has managed to rise nearly 12% in the past 24 hours. This sudden rally comes as the Movement Network Foundation launched its Movement Public Mainnet Beta, raising investor confidence.
MOVE token gained 5% following ETF filings and the Movement Foundation's mainnet beta launch.
Investment managers Rex Shares and Osprey Funds have submitted an application to launch an exchange-traded fund (ETF) based on Movement, the Ethereum Layer 2 network token. The filing makes it the first ETF associated with the recently decentralized blockchain.
Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network's native token, MOVE, according to a March 10 announcement. The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said.
Despite the wider crypto market decline, Movement Network's MOVE has surged over 6% today and 14% in a week.
The crypto market faced a challenging week, but the new week brings hope for recovery. Whether this rebound stems from broader market trends or individual network developments remains uncertain.
Rex Shares and Osprey Funds have filed an application to list an exchange-traded fund (ETF) tracking MOVE, the native token of the Ethereum Layer 2 network Movement. The filing comes as Movement prepares for a beta release of its mainnet.
REX Shares and Osprey Funds are expanding their ETF lineup with a new MOVE ETF, offering streamlined exposure to MOVE without the complexities of direct crypto ownership. The filing arrives as interest in crypto-based ETFs continues to grow, positioning MOVE within the evolving investment landscape. The post REX Shares and Osprey Funds File to Launch MOVE ETF appeared first on Cryptonews.
The announcement comes as Movement prepares to launch its mainnet in beta, the latest release for the politically active team.
Investment firms Rex Shares and Osprey Funds have filed with the U.S. Securities and Exchange Commission to launch an exchange-traded fund tracking the price of Movement Network's MOVE token.
The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments.
