Coinbase Delists Movement Labs’ $MOVE Token Following Investigation


#Coinbase will suspend trading of the $MOVE token on May 15, citing failure to meet listing standards. The token, issued by Movement Labs, is down 14.5% over the past 24 hours.


Trading will cease across Coinbase’s platforms, with order books having already been shifted to limit-only mode.


The decision follows a third-party investigation into a December 2024 agreement involving Movement Labs and market maker Web3Port.


A CoinDesk report alleges Rentech, acting on both sides of the deal, sold off 66 million $MOVE tokens, triggering $38 million in downward pressure. The token now trades at around $0.20.

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May 01, 2025 at 10:24 PM
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