Coinbase Removes MOVE Token Amidst Controversy and Price Drop

On May 15th, Coinbase announced the removal of the MOVE token from its platform, citing a lack of adherence to listing standards. While Coinbase hasn’t directly blamed Movement Labs for misconduct, this timing follows an incident involving a controversial $38 million USDT sell-off by a market maker tied to Movement Labs. The impact of this event has sparked significant scrutiny and uncertainty within the crypto community. )