Coinbase announced the suspension of MOVE tokens on May 15, 2025, amid allegations of market manipulation. The trading mode was restricted to limit orders only before delisting, reflecting Coinbase’s concerns regarding the situation.
Movement Labs has hired a third-party auditor to investigate the controversial sale of 66 million MOVE tokens. Despite Bitcoin’s value rising to 97,000 USD, MOVE’s price dropped significantly, highlighting vulnerabilities in the market.
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