According to official information published by Movement Network Foundation, the organization has just completed the acquisition of 10 million MOVE tokens, as part of its buyback commitment to support the value and long-term development of the Movement Network ecosystem. The buyback transaction was carried out publicly, and the wallet address used for the transaction has been disclosed to ensure transparency for the community.
Previously, the project stated that it had recovered 38 million USD from MM market manipulation to establish a MOVE token buyback fund called "Movement Strategic Reserve". The buyback process will be conducted on Binance over the next three months, and the purchased MOVE tokens will be periodically transferred to the official on-chain wallet at 0xA14C8e3eBb2Da43d027dC2c1b763387B9D59cACe.
As Allinstation previously reported, on March 25th, Binance identified a market maker of the Movement (MOVE) project who was linked to another market maker that the exchange had terminated cooperation with and banned due to misconduct. Accordingly, the exchange took measures to handle this market maker.
