Coinbase has officially announced the suspension of MOVE token trading effective May 15 following an impending investigation into alleged market manipulation. This revelation adds more uncertainty to the movement surrounding the token.

The announcement adds fuel to the fire already ignited by declining market confidence in the token. Traders are now at a crossroads, weighing their options as the situation develops. With the scrutiny surrounding market-making practices ongoing, the trading landscape for MOVE could face significant changes.

This suspension underscores the increasing vigilance of cryptocurrency exchanges in maintaining compliance with regulatory standards while protecting investor interests.