Editor's PiCK
"Domestic exchanges see a surge in Movement (MOVE) holdings... Investors should be cautious"
Son Min
Summary
- It was reported that the Movement holdings on domestic exchanges have surged, necessitating investor caution.
- The delisting of Movement from Coinbase has led to an increased influx of Movement into the domestic market.
- It was reported that the Movement holdings on Upbit and Bithumb have doubled.
There has been a surge in Movement (MOVE) holdings on domestic exchanges, prompting calls for investor caution.
On the 4th (local time), Jae-Woo Cho, director of the Blockchain Research Institute at Hansung University, stated on X (formerly Twitter), "Coinbase has decided to delist Movement," adding, "Since April 12, the influx of Movement into domestic exchanges has significantly increased, necessitating investor caution." He further noted, "The Movement holdings on Upbit and Bithumb have each doubled."
Meanwhile, as of 10:36 AM, Movement is trading at 248.6 won on the Upbit KRW market, down 4.90% from the previous day.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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