MOVE surges, 18% increase after strategic reserve plan
The MOVE token has experienced an increase of over 18% in its value, due to the market's positive reaction to Movement's plan to create a Strategic Reserve.
This initiative arises as a response to the illicit actions of a market maker who violated contractual agreements, engaging in unilateral market-making activities and profiting 38 million dollars without providing adequate liquidity.
Movement will use the recovered funds to establish the Strategic Reserve, a USDT buyback program for 38 million dollars, aimed at acquiring MOVE tokens for long-term use and restoring USDT liquidity in the ecosystem.
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MOVE
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