Binance Announces MOVE Buyback to Counter Rogue Market Maker
In a significant response to market manipulation, Binance has announced a buyback for Movement (MOVE) tokens. This decision comes after a rogue market maker profited 38 million from aggressive selling tactics, prompting Binance to act decisively. The Movement project has ended its collaboration with this market maker, aiming to restore order and confidence in the token. This move could potentially stabilize the price and encourage investor trust. As Binance takes steps to correct the situation, market participants will be keenly assessing the response from the community and how this affects MOVE’s market performance moving forward.