Coinbase宣布将把运动（移动）代币脱颖而出

Coinbase迅速但决定性的举动宣布，它将在对加密市场的操纵和与运动实验室有关的内部治理问题的担忧中不断上升，这将使该运动（移动）代币脱颖而出。

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计划在一系列内部治理问题和加密货币市场操纵之后，计划在2025年5月15日将动作（移动）代币从其交换中脱颖而出。

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.

此举是在泄露的文件显示可疑交易活动和与运动网络背后的公司运动实验室达成的有争议的交易协议之后进行的。

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“仅限”交易模式下进行移动，用户可以下达限制订单，但不能执行市场交易。这通常是即将来临的迹象。

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将在2025年5月15日的搬家代币中关闭交易，这是对上市资产进行的持续审查的一部分。

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月的事件发生后，Coinbase以前曾暂停了市场交易，并将其置于极限模式之后，售出了价值3800万美元的搬迁令牌。

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.

此举与现在被终止的做市商相关联，以及运动网络背后的公司运动实验室的一系列内部决策。

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.

根据泄漏的文件和举报人的报告，运动实验室使用内部资金来回购Move Move代币，使内部人员可以在公开市场上出售自己的搬家持有，而无需透露利益冲突。

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.

这一行动引发了对代币市场操纵的指控，这促使运动实验室发布了与阴暗的做市商的声明削减联系，并试图平息关注点。

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，进一步的审查表明，运动实验室的早期投资者Rentech可能已经参与了潜在市场操纵计划的双方。

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作为投资者和做市商的双重角色引起了严重的利益冲突问题，尤其是因为没有向社区披露这一举动令牌回购。

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

为了评估营销机构异常并恢复公众信任，运动实验室宣布了第三方审计。

Coinbase crypto delisting follows troubling market activity

Coinbase Crypto delisting遵循令人不安的市场活动

Announcing the upcoming MOVE token delisting, Coinbase said:

Coinbase表示，宣布即将进行的Move Token脱颖而出：

“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.”

“经过仔细的考虑，我们决定于2025年5月15日从Coinbase出发（移动）代币。我们将不再支持在全面挑选之后的Coinbase Pro上进行交易。”

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

该消息对加密市场产生了直接的影响，导致下降的价格。

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

从周五上午的0.20美元起，代币在接下来的几天内下跌至0.18美元。

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

尽管当时比特币（BTC）集团达到97,000美元，但搬家的价格下降了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，运动的市值低于5亿美元，是几个月中的最低点。 Token最近收回了5亿美元的市值水平，价格为0.225美元。

Coinbase crypto delisting marks a low point for MOVE token

Coinbase Crypto delisting标志着移动令牌的低点

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于2024年中期启动，迅速获得了吸引力和市场吸引力。以太坊2层加密货币经历了最初的激增至每个代币0.70美元，随后，Move以有史以来的高价为1.45美元。

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

但是，投资者的信心开始侵蚀，尤其是随着运动实验室丑闻和即将到来的Coinbase Crypto deasting的侵蚀。

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.

此举标志着令牌自成立以来最重要的单日损失，进而，运动实验室终止了联合创始人，然后是首席执行官Rushi Manche。

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

这种情况也对加密交易所（CEX）列表标准具有更广泛的影响，强调了CEXS如何兽医新列表。

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

监管机构也可能开始讨论列出具有潜在标记治理问题的早期加密项目的风险。

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.

尽管Coinbase和其他主要平台声称根据安全性，公用事业和项目透明度评估新令牌，但MOVE代币案例表明，审计过程不是完美的。

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

对于散户投资者而言，这种情况在投资加密货币之前加强了进行适当的尽职调查和研究的需求。

What happens next after MOVE token delisting?

搬迁后接下来会发生什么？

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.

一旦将“移动”令牌划定，在Coinbase上进行交易将完全停止。为了避免任何损失，用户应将其搬家持有量转移到其他受支持的平台或非习惯钱包以进行保管。

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

5月15日之后，令牌流动性预计将急剧下降，影响许多移动持有人退出职位的能力。

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

一些分析师还猜测了潜在的监管含义或法律后果，但尚未宣布正式诉讼。

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.

移动投资者和零售商人将监视MoveMenet Labs在接下来的几个月中如何处理情况。该公司已经表示，尽管发生了最近的事件，但其网络目标和计划仍将继续。