Movement Labs has undergone significant restructuring following market instability and an abrupt termination of co-founder Rushi Manche. The move, which rebrands the company as Move Industries, has triggered a 10% decline in the MOVE token’s price within 24 hours. This leadership change has sparked investor concerns about transparency and accountability within the cryptocurrency ecosystem. The company announced its decision to sever ties with Manche, aiming to reset the project’s direction. The move also signifies organizational adjustments as Movement Labs reworks its governance structure. The market reacted swiftly, with the MOVE token losing over 10% of its value. This reaction highlights the immediate impact of leadership changes on investor sentiment within the volatile cryptocurrency landscape. Furthermore, the incident involving a market maker and Movement Labs raises concerns about regulatory oversight in cryptocurrencies. The investigation by ICE will examine organizational practices and potential market manipulation, highlighting the need for stringent controls to prevent similar events from happening again.