Movement Crypto Excels as MOVE Soars 40%: Here’s the Reason
MOVE crypto is one of the standout performers, jumping 40% and breaking free from a declining channel. The Movement Network Foundation has successfully completed its buyback program for 10 million crypto.
In the face of global uncertainty characterized by unexpected conflicts involving the United States, Israel, and Iran, the market showed some resilience, recovering from Sunday’s decline.
BTC, Ethereum, XRP, and Dogecoin experienced increases as optimism grew that, despite missile strikes on airbases in Qatar, the United States would refrain from any retaliation.
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MOVE Crypto Rises 40%
As focus shifted to some of the top cryptos to invest in throughout June, leading altcoins also gained momentum.
Among these was , the currency supporting the Ethereum layer-2 infrastructure, Movement.
After incurring significant losses during Q2 2025, the crypto token surged beyond essential resistance points, achieving a remarkable 40% rally against the US dollar.
On the daily chart, MOVE crypto is breaking out of a downward channel, recovering from losses experienced last week. It is anticipated to establish higher highs, paving the way for further increases and potentially positioning it among the next cryptos to go to the moon.
If yesterday’s buyers stay active today and validate gains, the token could climb above $0.18, eliminating June losses and laying the groundwork for a robust Q3 2025. Notably, the price breakout on June 23 was marked by high trading volume, indicating investor interest.
Moreover, the breakout established a wide-ranging, bullish engulfing pattern, reversing last week’s declines.
While technical candlestick formations favor optimistic sentiment, underlying factors will shape the speed of this advancement.
The team is striving to enhance its standing and rebuild trader faith, thus supporting prices.
What’s Propelling Movement?
On June 20, the Movement Protocol Foundation revealed it had finalized a buyback of 10 million MOVE tokens.
Movement Platform Foundation has concluded a buyback of 10M $MOVE as part of our commitment to buyback.
Details can be found here:https://t.co/b8sZg7yLas
— Movement Platform Foundation (@movementfdn) June 20, 2025
The initiative aimed at stabilizing prices and restoring crypto holder confidence following the tumultuous events of 2024, during which its trading market maker faced allegations of manipulation.
This buyback comes on the heels of transferring 500 million MOVE tokens to Binance in early May 2025 for the MOVE Launchpool Season 2 initiative.
We have just moved 500m $MOVE tokens to Binance for Launchpool Season 2.https://t.co/SArYxpocis
— Movement Network Foundation (@movementfdn) May 6, 2025
The transfer and launchpool were perceived as measures to align with coin holders and mitigate concerns regarding delisting risks.
It is significant that the Movement Network Foundation announced the Launchpool Season 2 initiative months after Binance halted $38 million in MOVE earnings linked to Rentech, a market maker accused of coin dumping and price manipulation.
On December 10, Rentech offloaded 66 million MOVE tokens a day after MOVE was listed on Binance, which triggered a price crash from $1.45 to below $0.25.
NEW: @movementfdn has executed a deal to loan around 50% of its circulating supply to @Web3Port_Labs.
The day following the MOVE debut on exchanges, accounts related to @Web3Port_Labs disposed of 66 million tokens, prompting @binance to implement a ban.
@CoinDesk acquired the contracts and more: pic.twitter.com/SDoonYcBro
— Sam Kessler (@skesslr) April 30, 2025
Binance took action to safeguard MOVE traders and investors by freezing Rentech’s profits and prohibiting the market maker’s access to its network.
The current rebound is a significant relief for MOVE holders who encountered a tough first half of 2025, which included a delisting from Coinbase in May 2025. The exchange cited non-compliance with listing standards due to the Rentech situation.
In May 2025, Movement Labs halted and subsequently dismissed co-founder Rushi Manche, citing his involvement in facilitating the Rentech transaction.
Upcoming disclosures:
rushi is terminated from movement within the next 28 days for fraud or misconduct pic.twitter.com/5F81bn6dN0
— Cobie (@cobie) May 2, 2025
The developer indicated that Manche blurred governance boundaries, raising potential issues regarding securities regulations. As part of governance changes, Torab Torabi assumed the role of CEO, while Young Yang Liauw now directs the engineering team.
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MOVE Crypto Soars 40%: What’s Fueling Movement?
- MOVE Crypto breaks free from a descending channel
- Movement Network Foundation finishes a 10 million crypto token buyback initiative
- The team relocated 500 million MOVE tokens to Binance for Launchpool Season 2
- Movement made adjustments following incidents in early December 2024
The post Movement Crypto Shines as MOVE Spikes 40%: Here’s Why appeared first on 99Bitcoins.
