Binance revealed the manipulations with MOVE! What's next?
In the morning, #Binance published a report explaining the sharp decline of MOVE after its launch in December 2024.
🔍 What happened?
The exchange found that the market maker of MOVE was connected to a previously blocked participant. A massive sale of tokens caused the price to crash.
⚡ How did Binance react?
❌ Blocked the market maker's funds
🚫 Banned them from trading on its platform
📈 The token $MOVE went up!
After the report, the price increased by 4% → $0.45, and the market capitalization rose to $1.13 billion.
The market reacted positively to Binance's tough measures, but the situation remains under observation! 👀🚀
In the morning, #Binance published a report explaining the sharp decline of MOVE after its launch in December 2024.
🔍 What happened?
The exchange found that the market maker of MOVE was connected to a previously blocked participant. A massive sale of tokens caused the price to crash.
⚡ How did Binance react?
❌ Blocked the market maker's funds
🚫 Banned them from trading on its platform
📈 The token $MOVE went up!
After the report, the price increased by 4% → $0.45, and the market capitalization rose to $1.13 billion.
The market reacted positively to Binance's tough measures, but the situation remains under observation! 👀🚀