Coinbase宣布將把運動（移動）代幣脫穎而出

Coinbase迅速但決定性的舉動宣布，它將在對加密市場的操縱和與運動實驗室有關的內部治理問題的擔憂中不斷上升，這將使該運動（移動）代幣脫穎而出。

Coinbase is planning to delist the Movement (MOVE) token from its exchange on May 15, 2025, following a series of internal governance concerns and crypto market manipulation.

Coinbase計劃在一系列內部治理問題和加密貨幣市場操縱之後，計劃在2025年5月15日將動作（移動）代幣從其交換中脫穎而出。

The move comes after leaked documents revealed suspicious trading activity and a controversial market-making deal with Movement Labs, the company behind the Movement Network.

此舉是在洩露的文件顯示可疑交易活動和與運動網絡背後的公司運動實驗室達成的有爭議的交易協議之後進行的。

Coinbase had previously placed MOVE in a “limit-only” trading mode, where users can place limit orders but not execute market trades. This is usually a sign of an impending delisting.

Coinbase先前曾在“僅限”交易模式下進行移動，用戶可以下達限制訂單，但不能執行市場交易。這通常是即將來臨的跡象。

The world’s largest crypto exchange is shutting down trading in the MOVE token on May 15, 2025, as part of an ongoing review of listed assets.

全球最大的加密交易所將在2025年5月15日的搬家代幣中關閉交易，這是對上市資產進行的持續審查的一部分。

Coinbase had previously paused market trading in MOVE and placed the token in limit-only mode following a December 2024 incident where $38 million worth of MOVE tokens were sold.

在2024年12月的事件發生後，Coinbase以前曾暫停了市場交易，並將其置於極限模式之後，售出了價值3800萬美元的搬遷令牌。

The move was linked to a market maker, which is now terminated, and a series of internal decisions at Movement Labs, the company behind the Movement Network.

此舉與現在被終止的做市商相關聯，以及運動網絡背後的公司運動實驗室的一系列內部決策。

According to leaked documents and a whistleblower report, Movement Labs used internal funds to buyback MOVE tokens, allowing insiders to sell their own MOVE holdings in the open market without disclosing a conflict of interest.

根據洩漏的文件和舉報人的報告，運動實驗室使用內部資金來回購Move Move代幣，使內部人員可以在公開市場上出售自己的搬家持有，而無需透露利益衝突。

This action sparked accusations of MOVE token market manipulation, which prompted Movement Labs to release a statement cutting ties with shady market makers and attempting to quell concerns.

這一行動引發了對代幣市場操縱的指控，這促使運動實驗室發布了與陰暗的做市商的聲明削減聯繫，並試圖平息關注點。

However, further scrutiny revealed that Rentech, an early investor in Movement Labs, may have been involved on both sides of the potential market manipulation scheme.

但是，進一步的審查表明，運動實驗室的早期投資者Rentech可能已經參與了潛在市場操縱計劃的雙方。

Rentech’s dual role as an investor and market maker led to serious conflict-of-interest concerns, especially since the MOVE token buyback was not disclosed to the community.

Rentech作為投資者和做市商的雙重角色引起了嚴重的利益衝突問題，尤其是因為沒有向社區披露這一舉動令牌回購。

To assess market-maker abnormalities and restore public trust, Movement Labs announced a third-party audit.

為了評估營銷機構異常並恢復公眾信任，運動實驗室宣布了第三方審計。

Coinbase crypto delisting follows troubling market activity

Coinbase Crypto delisting遵循令人不安的市場活動

Announcing the upcoming MOVE token delisting, Coinbase said:

Coinbase表示，宣布即將進行的Move Token脫穎而出：

“After careful consideration, we have decided to delist Movement (MOVE) tokens from Coinbase on May 15, 2025. We will no longer support trading in MOVE on Coinbase Pro following the full delisting.”

“經過仔細的考慮，我們決定於2025年5月15日從Coinbase出發（移動）代幣。我們將不再支持在全面挑選之後的Coinbase Pro上進行交易。”

The news had an immediate impact on the crypto market, causing the price of MOVE to drop.

該消息對加密市場產生了直接的影響，導致下降的價格。

From $0.20 on Friday morning, the token fell to as low as $0.18 in the following days.

從周五上午的0.20美元起，代幣在接下來的幾天內下跌至0.18美元。

Despite Bitcoin (BTC) rallying to over $97,000 at the time, the price of MOVE fell by 20%.

儘管當時比特幣（BTC）集團達到97,000美元，但搬家的價格下降了20％。

Additionally, Movement’s market cap fell below $500 million, its lowest point in months. The token has recently reclaimed its $500 million market cap level, as well as the price of $0.225.

此外，運動的市值低於5億美元，是幾個月中的最低點。 Token最近收回了5億美元的市值水平，價格為0.225美元。

Coinbase crypto delisting marks a low point for MOVE token

Coinbase Crypto delisting標誌著移動令牌的低點

Launched in mid-2024, MOVE quickly gained traction and market appeal. The Ethereum Layer-2 crypto experienced an initial surge to $0.70 per token, which was followed by MOVE achieving an all-time high price of $1.45 later that year.

Move於2024年中期啟動，迅速獲得了吸引力和市場吸引力。以太坊2層加密貨幣經歷了最初的激增至每個代幣0.70美元，隨後，Move以有史以來的高價為1.45美元。

However, investor confidence began to erode, especially with the Movement Labs scandal and the upcoming Coinbase crypto delisting.

但是，投資者的信心開始侵蝕，尤其是隨著運動實驗室醜聞和即將到來的Coinbase Crypto deasting的侵蝕。

The move marks the most significant single-day loss for the token since its inception, and in turn, Movement Labs has terminated co-founder and then CEO Rushi Manche.

此舉標誌著令牌自成立以來最重要的單日損失，進而，運動實驗室終止了聯合創始人，然後是首席執行官Rushi Manche。

This situation also has broader implications for crypto exchange (CEX) listing standards, highlighting how CEXs vet new listings.

這種情況也對加密交易所（CEX）列表標準具有更廣泛的影響，強調了CEXS如何獸醫新列表。

Regulatory bodies may also begin discussing the risks of listing early-stage crypto projects that have potential token governance issues.

監管機構也可能開始討論列出具有潛在標記治理問題的早期加密項目的風險。

While Coinbase and other major platforms claim to evaluate new tokens based on security, utility, and project transparency, the MOVE token case shows that the auditing process isn’s perfect.

儘管Coinbase和其他主要平台聲稱根據安全性，公用事業和項目透明度評估新令牌，但MOVE代幣案例表明，審計過程不是完美的。

For retail investors, this situation reinforces the need for proper due diligence and research before investing in cryptocurrencies.

對於散戶投資者而言，這種情況在投資加密貨幣之前加強了進行適當的盡職調查和研究的需求。

What happens next after MOVE token delisting?

搬遷後接下來會發生什麼？

Once the MOVE token is delisted, trading on Coinbase will stop completely. To avoid any losses, users should transfer their MOVE holdings to other supported platforms or non-custodial wallets for safekeeping.

一旦將“移動”令牌劃定，在Coinbase上進行交易將完全停止。為了避免任何損失，用戶應將其搬家持有量轉移到其他受支持的平台或非習慣錢包以進行保管。

After May 15, token liquidity is expected to drop sharply, affecting many MOVE holders’ ability to exit their positions.

5月15日之後，令牌流動性預計將急劇下降，影響許多移動持有人退出職位的能力。

Some analysts have also speculated about potential regulatory implications or legal fallout, but no formal actions have been announced yet.

一些分析師還猜測了潛在的監管含義或法律後果，但尚未宣布正式訴訟。

MOVE investors and retail traders will be monitoring how Movemenet Labs handles the situation over the next few months. Already, the company has stated that its network goals and initiatives will continue despite recent events.

移動投資者和零售商人將監視MoveMenet Labs在接下來的幾個月中如何處理情況。該公司已經表示，儘管發生了最近的事件，但其網絡目標和計劃仍將繼續。