Movement Foundation: Will transfer some tokens from the Ethereum mainnet MOVE strategic reserve to the native chain
2025-11-19 06:36:26
The Movement Foundation said in a statement on the X platform that it has been four months since the fulfillment of the repurchase commitment. In order to increase the transparency of the tokens in the repurchase wallet, it plans to transfer some tokens from the MOVE strategic reserve on the Ethereum mainnet to the strategic reserve on the native Movement Network to support ecosystem projects and incentives. Movement said that in the future, ERC-20 tokens will still be sent to the exchange regularly to supplement and rebalance the token supply, so as to re-enable the withdrawal function.
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