Movement Network Plans Token Buyback with $38 Million Recovered from Rogue Maker
The Movement Network has announced an exciting initiative to buy back MOVE tokens using $38 million it has recovered from a rogue market maker. The Movement Network Foundation revealed on March 24 that it would strategically invest the recovered funds over the next three months. This move comes in response to the market maker’s removal by Binance due to irregularities in liquidity provision for the MOVE token. As a result, the buyback strategy aims to stabilize and enhance the value of MOVE tokens in the market. With this initiative, the Movement Network is showing its commitment to ensuring a solid and trustworthy trading environment for its users, reflecting a proactive approach to building investor confidence.