- Coinbase has announced the decision to delist MOVE token from May 15 following a listing standards review.
- Movement Labs faces scrutiny over a $38M selloff linked to a disputed market-making deal.
- Third-party investigation is underway as internal documents reveal potential conflict of interest.
- MOVE token price plunged 20% on the news, with its market cap tumbling below the $500 million mark.
Coinbase has announced the suspension of MOVE token trading, raising new questions over Movement Labs’ token distribution and governance integrity.
Coinbase to delist MOVE token over market manipulation concerns
Coinbase said Thursday it will suspend all MOVE token trading pairs on May 15, after concluding a routine review of listing standards. The announcement follows weeks of speculation about irregularities in MOVE’s market activity.
While Coinbase didn’t cite manipulation as the reason, the exchange moved MOVE order…
