PANews reported on March 25 that Binance announced that an investigation found that a market maker of the Movement (MOVE) project was related to another market maker that was recently delisted for violations. The market maker sold about 66 million MOVE tokens on December 10, 2024, the day after the MOVE token was launched, but there were very few buy orders, and made a profit of 38 million USDT before being delisted on March 18, 2025.
To protect users, Binance has frozen the relevant earnings of the market maker, notified Movement Labs and Movement Foundation of its violations, and banned it from further market making activities on the platform.
