MOVE price crashes to all-time low after market maker scandal

The travel price dropped by 28% in last week and is currently negotiating only 4% above its lowest level in the middle of a third-party survey on a suspicious activity of merchants involving the Binance token.

Movement laborations (MOVE) has recently spear A third survey on a market fault on the market involving the moving token, following Discovery of Binance that a non -disclosed market market had poured 66 million moving tokens shortly after launch while passing minimum purchase orders. In response, Binance has struck the market of the market and frozen millions of dollars in suspicious profits to potentially compensate for affected users.

Addressing Blockworks, a spokesperson for Motion Labs declared::

“Movement Network Foundation performs a third -party examination after recent merchant anomalies – better standard practice to ensure transparency and full responsibility. It would be inappropriate to speculate on the outcome of the examination or any actions which could or not. Operations normally continue as the examination is carried out. ”

Although the movement laboratories refused to disclose the involved market market, the Zachxbt channel investigator said he had been informed that the entity was linked to Web3port. A blockworks exam also note This web3port had interacted with the content of the social media of Movement Labs in recent months.

The movement of the movement network was informed by Binance Irregularities from market manufacturers involving the moving to the token on March 24. It is interesting to note that the move increased the next day, going from an opening price of $ 0.421470 to close to $ 0.55,377 on March 25 – as evidenced by a sparkle marbozu candle which broke out above the 20 -day EMA and the 50 -day SMA on the daily graphic. After that, Move plunged into a strong downward trend, crashing at a lower $ 0.2301 on April 17 before seeing a modest rebound at around $ 0.24021 at the time of the press.