The native token of the Ethereum-based Movement Network, MOVE, suffered a staggering drop to an all-time low following Coinbase’s announcement of its delisting. This comes amid ongoing concerns tied to questionable market-making practices.

On May 1, Coinbase revealed plans to suspend MOVE trading across its platforms by May 15, asserting that the token did not meet necessary listing standards. This decision has created significant turmoil for investors and raised questions about the future viability of the token.

The delisting highlights the increasing scrutiny that cryptocurrency exchanges are facing, especially concerning their listing criteria. As the situation unfolds, many investors are left pondering the potential for recovery in the wake of this scandal.