Move Industries Emerges as New Leadership Takes Charge Following Controversial Market-Making Deal

Movement Labs has undergone significant leadership changes following a controversial market-making deal that sparked backlash and eroded trust among the crypto community. The company announced the departure of Rushi Manche, founder and former leader of Movement Labs, on Wednesday via X (formerly Twitter). 66 million MOVE tokens were distributed in a secret agreement with a market maker, impacting the token price negatively and leading to accusations of manipulation.