Movement (MOVE) token price dropped by over 15% after Coinbase's announcement that it would suspend trading of the token

Movement (MOVE) token price dropped by over 15% after Coinbase's announcement that it would suspend trading of the token on May 15, 2025.

Movement (MOVE) token price dropped by over 15% on Monday after Coinbase (NASDAQ:COIN) announced that it would suspend trading for the token on May 15. The token’s decline is also linked to recent allegations of market manipulation, adding further uncertainty for investors.

Coinbase to Suspend Trading for MOVE Token

Crypto exchange Coinbase announced that it would be suspending trading for the MOVE token on May 15. The exchange didn’t specify the exact reasons for the decision.

Coinbase regularly reviews the assets listed on its exchange to ensure they continue to meet its listing standards. As part of this ongoing review process, it has decided to suspend trading for Movement (MOVE) on May 15.

The exchange moved MOVE’s order books to limit-only mode. This means that users can place or cancel limit orders, but no new trades will be executed. The suspension will affect trading on both Coinbase.com (Simple and Advanced Trade) and Coinbase Exchange, as well as on Coinbase Prime Brokerage.

We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Movement (MOVE) on May 15, 2025, on or around 2 PM ET.https://t.co/9zK9H99I76

— Coinbase Assets 🛡️ (@CoinbaseAssets) May 1, 2025

The decision came in the background of the growing concerns related to the activity of the MOVE token on the market. The allegations of market manipulation surrounding the token have drawn scrutiny over its stability. In particular, World Liberty Financial (WЧасть777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777