According to on-chain analyst Ember, Movement transferred 50 million previously repurchased MOVEs (worth about $2.51 million) to Binance.
Movement was asked to conduct a $38 million token repurchase in March. Later, they raised a total of 180 million MOVs from Binance to the public address of the repurchase chain. The average repurchase price was $0.21.
However, after completing the repurchase, they have gradually re-transferred MOVs to Binance. 115 million of these repurchased MOVs (worth about $10.91 million) have now been re-transferred to Binance.
As of the time of publication, MOVE was provisionally quoted at $0.05, down 4.32% in 24 hours, 36% in 30 days, and 61% in 90 days.
Movement again transfers 50 million repurchased MOVE tokens back to CEX
2025-11-21 00:41:30
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