Deep Dive
1. Hyperliquid Spot Listing (16 January 2026)
Overview: MOVE surged 15% in 24 hours after its spot listing on Hyperliquid, a derivatives-heavy exchange with 700K+ active addresses. The token’s trading volume spiked 515%, driven by its new role as collateral for leveraged positions. However, monthly active addresses fell 31%, raising sustainability concerns.
What this means: This is bullish short-term due to increased utility and speculative activity, but declining user engagement suggests volatility risks. (AMBCrypto)
2. Stolen Funds Movement (19 January 2026)
Overview: CertiK Alert flagged $63M from a January 10 hack ($282M total stolen) moving to Tornado Cash, a privacy tool often used for laundering. The funds originated from address 0xF73a...cc21, linked to the exploit.
What this means: This is bearish for MOVE’s reputation, as ongoing laundering activity could deter institutional interest and invite regulatory scrutiny. (Binance Square)
3. Network Transition Complete (29 December 2025)
Overview: Movement finalized its shift to an independent Layer 1 blockchain, appointing Move Industries as its primary service provider. The upgrade aims to boost scalability (10K+ TPS) and decentralize governance via validator staking.
What this means: This is neutral-long-term – technical improvements could attract developers, but MOVE’s -53% 90d price drop reflects skepticism about execution risks. (Movement Network)
Conclusion
MOVE faces a tug-of-war between Hyperliquid-driven liquidity and lingering security/trust issues. While infrastructure upgrades signal ambition, the token’s -95% annual return underscores deep-seated challenges. Will fresh developer activity offset the bearish macro narrative?