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The Ethereum-based MOVE token hit a historic low after Coinbase announced its delisting due to questionable market-making activities. Movement Labs faces internal turmoil as co-founder Rushi Manche is suspended amid an ongoing investigation.
- Coinbase delisted MOVE token, causing a 23% price drop to $0.18, deepening losses to over 50% in a month.
- Movement Labs suspended co-founder Rushi Manche amid an investigation into market-making activities tied to a token dump.
- Movement Network Foundation launched a $38 million buyback initiative after ending ties with the implicated market maker.
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