Summary
- The Movement Network Foundation announced the completion of a buyback for 10 million MOVE tokens.
- This buyback is part of the foundation's plan announced after the detection of illegal activities by the market maker.
- The price of MOVE was reported to be $0.1286, down 0.11% from the previous day.
Following the detection of illegal activities by a market maker, the Movement Network Foundation, which had announced a buyback plan, stated that it has completed the buyback of 10 million MOVE tokens.
On the 21st (local time), the Movement Network Foundation officially announced on X (formerly Twitter), "As part of our buyback commitment, we have purchased 10 million MOVE tokens (approximately $1,288,600)." Previously, the foundation had announced a buyback plan worth $38 million.
Meanwhile, at 15:27 on the same day, MOVE was trading at $0.1286 according to CoinMarketCap, down 0.11% from the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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