we’re spotlighting Movement (MOVE), a coin that’s been making waves lately. Built as an Ethereum-based Layer-2 solution, Movement has been gaining traction fast, and some recent developments have everyone talking
1. Binance Freezes Movement Market Maker Account
On March 25, 2025, Binance, the world’s largest crypto exchange, dropped a bombshell. They froze the account of a market maker tied to Movement, citing unfair trading practices.
Reports show this market maker dumped around 6.6 million MOVE tokens onto the market after Movement’s Binance listing on December 10, 2024, raking in hefty profits. Naturally, this sparked accusations of market manipulation and stirred up a storm among investors.
The news spread like wildfire on X, with some users cheering, saying, “Crypto’s cleaner than stocks!” Why? Because the Movement Foundation stepped up fast—more on that below
2. Movement Foundation Announces $38 Million Buyback
In response to the market maker fiasco, the Movement Network Foundation didn’t waste time.
On March 25, they unveiled a $38 million (roughly 79 billion KRW) MOVE token buyback program, working with Binance to recover funds from the offending party. As a first step, they’ve already repurchased 10 million MOVE tokens, with more to come.
The announcement triggered a 29% price surge, restoring some investor confidence. The buyback aims to reduce token supply, stabilize prices, and build a strategic reserve for the long haul. One X user praised the move, saying, “The Movement team’s quick action is impressive.”
3. Tech Foundation and Market Position
Movement stands out as the first Move-EVM Layer-2 network, leveraging the Move programming language for top-tier security and speed (up to 160,000 TPS).
It hit the ground running with a mainnet beta and token generation event (TGE) on December 9, 2024, and soon landed listings on major exchanges like Binance, Coinbase, and OKX. This propelled it into the top 60 by market cap.
It hasn’t all been smooth sailing, though. After peaking at $1.23 on December 26, MOVE dipped to an all-time low on March 4. But with the recent buyback news and bullish technical signals, analysts see a potential rebound to $0.80–$0.90 in the short term.
4. Growing Community and Development Activity
One of Movement’s strengths is its thriving community and steady development. Since early March, dev activity has ramped up, signaling ecosystem expansion.
According to Santiment, MOVE’s social dominance has hit a multi-week high, reflecting renewed investor interest and trust.
Backed by big-name VCs like Polychain Capital and Binance Labs, Movement is exploring use cases in AI and DeFi, aiming to evolve beyond a typical L2 solution into something bigger.
What’s Next?
Putting it all together, Movement seems to be turning a crisis into an opportunity. With swift action and transparency, they’re rebuilding trust after the market maker drama. If the buyback rolls out smoothly, we could see stronger token value and a solidified market presence. That said, broader market volatility from giants like Bitcoin and Ethereum could still sway things, so caution is key for investors.
