$ Move代幣最近由於市政機構，內部團隊的惡意活動以及2024年12月從Web3Port Labs拋售的惡意活動而看到了巨大的轉儲。

運動網絡的本地令牌Move經歷了急劇下降，比其ATH $ 0.25下降了80％以上，目前的價格徘徊在0.19美元至0.25美元之間。

The $MOVE token has seen a sharp dump recently due to malicious activities from market makers, the internal team, and a past sell-off from Web3Port Labs in December 2024.

$ Move代幣最近由於市政機構，內部團隊的惡意活動以及2024年12月從Web3Port Labs拋售的惡意活動而看到了巨大的轉儲。

What Is Happening?

怎麼了？

Movement Network’s native token, MOVE, has dropped more than 80% since May 2, 2024, with current prices ranging from $0.19-$0.25 as of May 1. This decline was exacerbated by Coinbase suspending MOVE trading on May 15, 2025, due to the token no longer meeting the exchange’s listing standards.

自2024年5月2日以來，機動網絡的本地令牌Move已下降了80％以上，目前的價格從5月1日到5月1日的0.19-0.25美元。由於Coinbase在2025年5月15日暫停Move的交易加劇了這一下降，這是由於代幣不再符合Exchange Exchange列表的標準。

Following the announcement, MOVE’s price tumbled by approximately 14%-20% within hours, showcasing heightened market uncertainty and investor concerns surrounding Movement Labs’ operational instability. This decision, together with ongoing controversies, has led to increased scrutiny on the project and contributed to its diminished market confidence.

宣布這一消息後，Move的價格在幾個小時內跌幅約為14％-20％，這表明了市場不確定性的增強，並且對運動實驗室運營不穩定的投資者擔憂。這一決定以及持續的爭議導致對項目的審查增加，並導致其市場信心降低。

Key Factors That May Have Contributed to the Decline

可能導致下降的關鍵因素

Coinbase Is Suspending $MOVE Trading and Explains the Reason

Coinbase正在暫停$移動交易，並解​​釋了原因

Coinbase’s decision to suspend MOVE trading stems from a routine process that assesses whether tokens continue to align with the exchange’s listing criteria.

Coinbase暫停移動交易的決定源於常規過程，該過程評估了令牌是否繼續與交易所上市標准保持一致。

Coinbase will shift to “limit-only mode” on its platforms, effective immediately, restricting trading to specific price levels and rendering the token largely illiquid.

Coinbase將在其平台上轉移到“僅限限制模式”，立即生效，將交易限制為特定的價格水平，並在很大程度上呈現不足的代幣。

This move follows a pattern of erratic price movements and evidence of insider profit-taking, which have eroded the token’s credibility. The suspension has been particularly damaging given Coinbase’s significant market influence, with the token’s price dropping to an all-time low of $0.18-$0.20 post-announcement before a modest rebound to $0.25.

此舉遵循不穩定的價格變動的模式和內幕盈利的證據，這些模式侵蝕了令牌的信譽。鑑於Coinbase的巨大市場影響力，該懸架的損害尤其有所損害，令牌的價格下降到宣布後0.18至0.20美元的歷史最低點，隨後較小的反彈至0.25美元。

A Major Market Maker Is Allegedly Carrying Out Price Manipulation Activity

據稱，一個主要的做市商正在進行價格操縱活動

A major catalyst for MOVE’s decline was a market manipulation scandal uncovered in March 2025, which implicated a market maker associated with Movement Labs. Binance, the largest cryptocurrency exchange by trading volume, banned a market maker—speculated to be Web3Port or its affiliate Rentech—for misconduct after it dumped 66 million MOVE tokens (approximately 5% of the total supply) on December 10, 2024, one day after the token’s listing.

Move下降的主要催化劑是在2025年3月發現的市場操縱醜聞，這意味著與運動實驗室相關的做市商。 Binance是交易量最大的加密貨幣交易所，禁止推銷商（指稱為Web3Port或其會員Rentech），因為它在2024年12月10日傾倒了6,600萬Move Moving Sokens（約5％的總供應量）後，在2024年12月10日移動了令牌（約佔總供應量的總供應量的5％）之後。

This sell-off, valued at $38 million, was executed with minimal buy-side support, triggering a sharp price crash and leading to accusations of price manipulation. The market-making agreement, which encouraged artificial price inflation to achieve a $5 billion valuation, was deemed "dangerous" and unethical by industry experts, further decreasing investor trust.

這種售罄的價值為3800萬美元，並以最少的買入支持執行，引發了急劇的價格崩潰並導致了價格操縱的指控。該協議鼓勵人工價格通貨膨脹獲得50億美元的估值，被行業專家視為“危險”和不道德，進一步降低了投資者的信任。

Binance subsequently froze the market maker’s profits and cooperated with Movement Labs and the Movement Network Foundation to launch a $38 million token buyback program to stabilize prices, although this measure has failed to halt the token’s downfall.

Binance隨後凍結了做市商的利潤，並與運動實驗室和運動網絡基金會合作，啟動了3,800萬美元的代幣回購計劃，以穩定價格，儘管這項措施未能阻止令牌的失敗。

Movement Labs Faces Internal Challenges As A Third-Party Investigation Begins

運動實驗室在第三方調查開始時面臨內部挑戰

Movement Labs has encountered significant internal challenges, including allegations of mismanagement and conflicts of interest. A third-party investigation, launched on April 21, 2025, by Groom Lake, an independent cybersecurity firm, is examining a market-making agreement that granted Rentech disproportionate control over MOVE’s token supply.

運動實驗室遇到了重大的內部挑戰，包括對管理不善和利益衝突的指控。獨立網絡安全公司Groom Lake於2025年4月21日啟動的第三方調查正在研究一項營銷協議，該協議授予Rentech對Move的代幣供應的不成比例控制。

Internal documents unveiled that Movement Labs was deceived into signing this deal, which enabled Rentech to carry out a $38 million sell-off, exacerbating price volatility. Additionally, co-founder Rushi Manche stepped back amid the scandal, fueling concerns over leadership stability, while co-founder Cooper Scanlon continues to spearhead the project.

內部文件揭示了運動實驗室被欺騙到簽署這筆交易，這使Rentech能夠進行3800萬美元的拋售，加劇了價格波動。此外，聯合創始人Rushi Manche在醜聞中退後一步，引起了對領導穩定的關注，而聯合創始人Cooper Scanlon繼續率領該項目。

The Movement Network Foundation has distanced itself from the market maker’s actions, claiming no prior knowledge of the mischief, but these events have ignited strong reactions within the crypto community.

運動網絡基金會與做市商的行為保持距離，聲稱沒有對惡作劇的先驗知識，但是這些事件激發了加密貨幣社區內的強烈反應。

Bottom Line

底線

The combination of Coinbase’s trading suspension, the market manipulation scandal, and internal governance issues has severely undermined MOVE’s market position.

Coinbase的交易暫停，市場操縱醜聞和內部治理問題的結合嚴重破壞了Move的市場地位。

Despite a brief price increase of 25% in late March 2025 following the announcement of a Strategic Reserve, the token has struggled to recover from its 80% decline since its ATH. The project’s initial promise, backed by prominent investors such as Polychain Capital and Binance Labs, and its $40.4 million in funding, has been overshadowed by these controversies.

儘管在宣布戰略儲備後，2025年3月下旬的價格短暫上漲了25％，但該令牌仍在努力從自ATH以來的80％下降中恢復過來。該項目的最初承諾在諸如Polychain Capital和Binance Labs之類的著名投資者的支持下，以及其40040萬美元的資金，被這些爭議所掩蓋了。

Moreover, the delay of the anticipated MoveDrop airdrop event, which is set to distribute 740 million tokens, has disappointed investors.

此外，預期的MoveRop Airdrop活動的延遲將使投資者失望。

Another bit of bad news that could happen to Movement Labs is that the World Liberty Finance will give up the $MOVE supply in their portfolio, leading to a prolonged unstable situation for the token.

運動實驗室可能發生的另一個壞消息是，世界自由金融將放棄其投資組合中的$移動供應，從而導致代幣的不穩定情況。

As Movement Labs navigates this turbulent period, the ongoing third-party investigation and the effectiveness of its buyback program will be critical in determining whether the project can salvage investor confidence.

隨著運動實驗室在這一動盪時期導航時，持續的第三方調查和回購計劃的有效性對於確定該項目是否可以挽救投資者信心至關重要。

At the moment, MOVE remains highly volatile, trading on exchanges like Binance and Upbit, but its future hinges

目前，移動仍然高度波動，在諸如Binance和Upbit之類的交易所進行交易，但其未來取決於