$MOVR Today surged by 90%.
The reason is that previously, the project team Moonriver announced that the MOVR token would be migrated to the Base platform. The migration period officially ends on September 30, 2026; after September 30, users who have not applied will lose access to MOVR.
With the migration window closing, the old-chain assets are about to become invalid. If shorts want to keep their positions, they must buy MOVR to close their short positions before the deadline, which triggered a short-squeeze rally.
The reason is that previously, the project team Moonriver announced that the MOVR token would be migrated to the Base platform. The migration period officially ends on September 30, 2026; after September 30, users who have not applied will lose access to MOVR.
With the migration window closing, the old-chain assets are about to become invalid. If shorts want to keep their positions, they must buy MOVR to close their short positions before the deadline, which triggered a short-squeeze rally.
