$ Move代币最近由于市政机构，内部团队的恶意活动以及2024年12月从Web3Port Labs抛售的恶意活动而看到了巨大的转储。

运动网络的本地令牌Move经历了急剧下降，比其ATH $ 0.25下降了80％以上，目前的价格徘徊在0.19美元至0.25美元之间。

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代币最近由于市政机构，内部团队的恶意活动以及2024年12月从Web3Port Labs抛售的恶意活动而看到了巨大的转储。

What Is Happening?

怎么了？

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日以来，机动网络的本地令牌Move已下降了80％以上，目前的价格从5月1日到5月1日的0.19-0.25美元。由于Coinbase在2025年5月15日暂停Move的交易加剧了这一下降，这是由于代币不再符合Exchange Exchange列表的标准。

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.

宣布这一消息后，Move的价格在几个小时内跌幅约为14％-20％，这表明了市场不确定性的增强，并且对运动实验室运营不稳定的投资者担忧。这一决定以及持续的争议导致对项目的审查增加，并导致其市场信心降低。

Key Factors That May Have Contributed to the Decline

可能导致下降的关键因素

Coinbase Is Suspending $MOVE Trading and Explains the Reason

Coinbase正在暂停$移动交易，并解​​释了原因

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暂停移动交易的决定源于常规过程，该过程评估了令牌是否继续与交易所上市标准保持一致。

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将在其平台上转移到“仅限限制模式”，立即生效，将交易限制为特定的价格水平，并在很大程度上呈现不足的代币。

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.

此举遵循不稳定的价格变动的模式和内幕盈利的证据，这些模式侵蚀了令牌的信誉。鉴于Coinbase的巨大市场影响力，该悬架的损害尤其有所损害，令牌的价格下降到宣布后0.18至0.20美元的历史最低点，随后较小的反弹至0.25美元。

A Major Market Maker Is Allegedly Carrying Out Price Manipulation Activity

据称，一个主要的做市商正在进行价格操纵活动

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下降的主要催化剂是在2025年3月发现的市场操纵丑闻，这意味着与运动实验室相关的做市商。 Binance是交易量最大的加密货币交易所，禁止推销商（指称为Web3Port或其会员Rentech），因为它在2024年12月10日倾倒了6,600万Move Moving Sokens（约5％的总供应量）后，在2024年12月10日移动了令牌（约占总供应量的总供应量的5％）之后。

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.

这种售罄的价值为3800万美元，并以最少的买入支持执行，引发了急剧的价格崩溃并导致了价格操纵的指控。该协议鼓励人工价格通货膨胀获得50亿美元的估值，被行业专家视为“危险”和不道德，进一步降低了投资者的信任。

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随后冻结了做市商的利润，并与运动实验室和运动网络基金会合作，启动了3,800万美元的代币回购计划，以稳定价格，尽管这项措施未能阻止令牌的失败。

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

运动实验室在第三方调查开始时面临内部挑战

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.

运动实验室遇到了重大的内部挑战，包括对管理不善和利益冲突的指控。独立网络安全公司Groom Lake于2025年4月21日启动的第三方调查正在研究一项营销协议，该协议授予Rentech对Move的代币供应的不成比例控制。

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.

内部文件揭示了运动实验室被欺骗到签署这笔交易，这使Rentech能够进行3800万美元的抛售，加剧了价格波动。此外，联合创始人Rushi Manche在丑闻中退后一步，引起了对领导稳定的关注，而联合创始人Cooper Scanlon继续率领该项目。

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.

运动网络基金会与做市商的行为保持距离，声称没有对恶作剧的先验知识，但是这些事件激发了加密货币社区内的强烈反应。

Bottom Line

底线

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

Coinbase的交易暂停，市场操纵丑闻和内部治理问题的结合严重破坏了Move的市场地位。

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.

尽管在宣布战略储备后，2025年3月下旬的价格短暂上涨了25％，但该令牌仍在努力从自ATH以来的80％下降中恢复过来。该项目的最初承诺在诸如Polychain Capital和Binance Labs之类的著名投资者的支持下，以及其40040万美元的资金，被这些争议所掩盖了。

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

此外，预期的MoveRop Airdrop活动的延迟将使投资者失望。

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.

运动实验室可能发生的另一个坏消息是，世界自由金融将放弃其投资组合中的$移动供应，从而导致代币的不稳定情况。

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.

随着运动实验室在这一动荡时期导航时，持续的第三方调查和回购计划的有效性对于确定该项目是否可以挽救投资者信心至关重要。

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

目前，移动仍然高度波动，在诸如Binance和Upbit之类的交易所进行交易，但其未来取决于