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SYSTEM PROCESSING...
Posted: 2025-05-02 04:43:31 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-02 04:43:58 UTC
Verified By
Rollup News
A chat leak led to the downfall of $MOVE, despite a promising start with significant funding and exchange listings. The issue arose when tokens loaned to a market maker were manipulated to inflate the price, leading to a sell-off and subsequent delisting from Coinbase.
Market maker manipulation
Price inflation and sell-off
Community anger due to delayed airdrop
Delisting from Coinbase
Loss of value for $MOVE holders
Lack of transparency in token transfer
Market manipulation by Web3Port/Rentech
Failure to execute token buyback
Delayed airdrop distribution
Loss of trust from the community