MOVE Token Crashes After Movement Labs Bankruptcy Filing
The MOVE token hit an all-time low after Coinbase delisting, and the bankruptcy filing now shows the project holds under $1M in assets despite raising $38M just last year.
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The MOVE token hit an all-time low after Coinbase delisting, and the bankruptcy filing now shows the project holds under $1M in assets despite raising $38M just last year.
The on-chain record is brutal: $1 in fees in the past 24 hours, a fully diluted valuation down over 99% from peak, and a developer that raised nine figures while generating almost nothing.
The claim is small relative to the $10M liability pile, but the optics matter: a co-founder terminated over a token-launch dump scandal now sits in the creditor queue alongside ordinary creditors.