Move Coin Crash: How Market-Making Scandal Destroyed a $100 Million Project

The cryptocurrency community is reeling from the sudden collapse of Movement Coin ($MOVE), a project valued at $100 million just months ago. Following allegations of market manipulation and a controversial funding scheme, Movement Labs has suspended one of its co-founders, Rushi Manche, amidst growing concerns about the company’s transparency. Coinbase’s recent delisting of MOVE from its trading platform further accelerated the project’s downfall. This week alone, the coin has seen a substantial price dip.