Former Movement Labs Co-Founder Launches $100 million Crypto Investment Plan
2025-12-11 13:14:48
Rushi Manche, former co-founder of MOVE Labs, today announced the formation of Nyx Group, which plans to invest up to $100 million in support of crypto token projects. The investment plan will provide liquidity and full-spectrum operational support for projects preparing for token launch, including community building, financial management and compliance guidance. Manche said Nyx Group aims to fill "critical gaps" in the current crypto market, particularly in a market environment where founders face difficulties accessing capital. The team will employ strict investment criteria, support only founders whom the team deeply trusts, and have decisions made by the investment committee. Notably, Manche was previously terminated at Movement Labs over a dispute over market-making arrangements involving 66 million MOVE tokens. For new projects, he emphasised that Nyx Group would be "the friendliest founder partner", offering favourable conditions and supporting a long-term vision.
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