Binance Slaps MOVE with Warning Tag: Is This Crypto Token Doomed?
Binance tags MOVE for monitoring after a market maker scandal and rebrand fallout! Will MOVE recover, or is delisting next?
Binance Slaps MOVE with Warning Tag: Is This Crypto Token Doomed?
Binance, the world’s largest crypto exchange, has added a “monitoring tag” to the MOVE token on May 7, 2025, signaling heightened scrutiny following a market maker scandal and the token’s recent rebrand from Movement to Yuliverse. This move has sparked concern among investors, with MOVE’s price already battered. What’s behind this warning, and what does it mean for the token’s future?
What is MOVE?
MOVE is the native token of Yuliverse (formerly Movement Network), a blockchain platform focused on modular, high-performance DeFi applications. Launched in 2024, it gained traction with $250 million in total value locked but hit turbulence after a market maker dumped 66 million MOVE tokens in December 2024, netting $38 million in profits. Binance froze the funds and banned the market maker, but the damage was done, with MOVE’s price crashing.
MOVE is the native token of Yuliverse (formerly Movement Network), a blockchain platform focused on modular, high-performance DeFi applications. Launched in 2024, it gained traction with $250 million in total value locked but hit turbulence after a market maker dumped 66 million MOVE tokens in December 2024, netting $38 million in profits. Binance froze the funds and banned the market maker, but the damage was done, with MOVE’s price crashing.
Why the Monitoring Tag?
Binance’s tag, announced alongside ALPHA, HIFI, LEVER, PORTAL, and REI, flags tokens at risk of delisting due to irregular activity or failure to meet listing standards. Posts on X suggest the tag stems from the scandal and Yuliverse’s rebrand, which may have raised questions about the project’s stability. The rebrand aimed to pivot toward gaming and social finance, but investor confidence remains shaky.
Binance’s tag, announced alongside ALPHA, HIFI, LEVER, PORTAL, and REI, flags tokens at risk of delisting due to irregular activity or failure to meet listing standards. Posts on X suggest the tag stems from the scandal and Yuliverse’s rebrand, which may have raised questions about the project’s stability. The rebrand aimed to pivot toward gaming and social finance, but investor confidence remains shaky.
What’s the Impact?
The monitoring tag could deter traders, potentially driving MOVE’s price lower—already down 28% in April 2025. A $38 million buyback program to stabilize the token is underway, but delisting risks loom if Yuliverse can’t regain trust. For new investors, this is a high-risk moment, though a recovery could offer rewards if the project rebounds.
The monitoring tag could deter traders, potentially driving MOVE’s price lower—already down 28% in April 2025. A $38 million buyback program to stabilize the token is underway, but delisting risks loom if Yuliverse can’t regain trust. For new investors, this is a high-risk moment, though a recovery could offer rewards if the project rebounds.
What’s Next?
Yuliverse must prove its value to avoid Binance’s axe. Will the buyback and rebrand pay off, or is MOVE headed for trouble?
Yuliverse must prove its value to avoid Binance’s axe. Will the buyback and rebrand pay off, or is MOVE headed for trouble?
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NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
