The Movement token (MOVE) experienced a significant downturn, plunging by over 35% following the removal of co-founder Rushi Manche. This dramatic drop follows an explosive investigation from CoinDesk that exposed hidden agreements and undisclosed token allocations during the token launch phase. 7th May saw the network development team officially sever ties with Manche, followed by a public statement from Movement Labs. 35% price drops were recorded after Coinbase disconnected its platform from the token following investor complaints about internal transparency and management issues. The investigation revealed secret deals made during the token distribution period, leading to mistrust in the project. Market turmoil has impacted investor confidence as the token’s value has plummeted following this recent news.