Movement (MOVE) Announces 500 Million Token Airdrop on Binance

The altcoin, Movement (MOVE), has announced the transfer of 500 million MOVE tokens to Binance. This will launch a second edition of its Launchpool program, distributing tokens to eligible users. Following accusations of inflated prices before its launch and ongoing investigations into the developers, the token’s value has taken a significant hit, dropping to around $400 million. The airdrop is set to be similar to the first event, which distributed tokens solely to users holding BNB through Binance’s HODLer Airdrop program. With this distribution, approximately $84 million worth of tokens will be unlocked, significantly impacting the token’s market value.