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Cryptocurrency News Articles

By sam thapaaliya

May 23, 2025 at 08:14 am

Compiled by: TechFlow

By sam thapaaliya

Sam Thapaliya took to Twitter to set the record straight regarding his early involvement with the Movement project, recently highlighted in a Coindesk article. Sam's contributions spanned several critical stages, beginning with the incubation of a project based on Move with Cooper at Vanderbilt.

Sam Thapaliya took to Twitter to set the record straight regarding his early involvement with the Movement project, recently highlighted in a Coindesk article. Sam's contributions spanned several critical stages, beginning with the incubation of a project based on Move with Cooper at Vanderbilt.

This initiative led to the creation of Satay, a yield aggregator that Sam funded and helped launch. Cooper's departure to found MVMT Labs (prior to Rushi joining the team) saw Sam providing advice and support in areas ranging from fundraising and token economics to emotional support.

Sam worked closely with Cooper to get the Movement project off the ground.

Rushi's inclusion in the project and leadership of the technical team saw the vision for the project really take shape and Sam gradually stepped back from his role as a close advisor to Cooper to focus primarily on Go-to-Market (GTM) efforts. This led to a Memorandum of Understanding (MOU) issued by Vanna Charma, which was negotiated and signed by Cooper.

The project's approach to the Token Generation Event (TGE) saw Sam once again working closely with Cooper, notably advising him on the upcoming airdrop proposal. Cooper tasked Sam with finding a data science team to audit the airdrop dataset based on testnet usage, as the Movement team realized that the dataset they were relying on did not even accurately reflect actual testnet usage.

The project's approach to the Token Generation Event (TGE) saw Sam once again working closely with Cooper, notably advising him on the upcoming airdrop proposal. Cooper tasked Sam with finding a data science team to audit the airdrop dataset based on testnet usage, as the Movement team realized that the dataset they were relying on did not even accurately reflect actual testnet usage.

Due to the numerous issues with the dataset, Sam suggested to Cooper that the rewards be split equally among all airdrop participants. However, during this time, Cooper insisted that a specific set of 75,000 wallets receive the highest percentage of tokens per wallet.

Due to the numerous issues with the dataset, Sam suggested to Cooper that the rewards be split equally among all airdrop participants. However, during this time, Cooper insisted that a specific set of 75,000 wallets receive the highest percentage of tokens per wallet.

You can find these wallets at https://move-token-tracker.vercel.app and observe their distribution. These wallets are almost the only ones that successfully claimed and bundled over 60 million $MOVE, which happened during the Move token airdrop on December 9. From the heat map below, you can see how these wallets were bundled and quickly sold after claiming the airdrop:

During the claiming process, when they realized the problem with these 75,000 wallets, Sam again suggested to spread the rewards evenly to reduce the impact of Sybil attack (fake account) bundling and dumping.

During the claiming process, when they realized the problem with these 75,000 wallets, Sam again suggested to spread the rewards evenly to reduce the impact of Sybil attack (fake account) bundling and dumping.

However, Cooper chose to increase the claiming fee, which resulted in almost no other users being able to claim the airdrop rewards except for these 75,000 wallets.

However, Cooper chose to increase the claiming fee, which resulted in almost no other users being able to claim the airdrop rewards except for these 75,000 wallets.

After the airdrop had already begun, Cooper adjusted the claiming fees, but he did not increase the claiming fees for the 75,000 "core-galxe" wallets accordingly to control the impact of Sybil behavior.

When users were unable to claim the airdrop because the claim fee was higher than the airdrop amount, this caused most users to choose to postpone and wait to claim the airdrop on the fee-free L2.

The problem is that L2 did not go live within 30 days as planned, leaving many users in trouble.

The narrative currently circulating is false. Cooper asked Sam for help nearly three years ago, and Sam invested a great deal of energy and time in helping Cooper, Rushi, and the team make MVMT a success. In return, Sam was publicly attacked and lost many opportunities and social capital.

Over the past three years, Sam has invested a great deal of time and effort in helping MVMT get off the ground. As of now, he has not received any compensation, and MVMT clearly has no intention of honoring the agreement to pay him the token rewards he deserves.

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Other articles published on May 23, 2025