Movement, perhaps one of the most controversial altcoins of recent years, announced in an official statement that 500 million mobile tokens will be sent to Cryptocurrency Exchange Binance, which will be distributed to users via LaunchPool.
Move is an Altcoin listed on major cryptocurrency exchanges such as Binance, Upbit and Coinbase, and recently came to the forefront with allegations that market manufacturers artificially inflated the price of Token prior to launch, and developer investigations have been artificially inflated.
I moved a 500m $ mobile token in LaunchPool Season 2. https://t.co/saryxpocis
– Movement Network Foundation (@movementfdn) May 6, 2025
The impact of the allegations saw its travel fell 50% last month, dropping its market value to about $400 million.
LaunchPool, which has not yet been announced by Binance, will actually be the second LaunchPool event for this token. At the time of launch, Move was released at a similar event.
The first event was distributed only to users who held BNB through the Bnance Hodler Airdrop program. The second event could be the same.
The 500 million mobile tokens distributed is worth $84 million at the time of writing. This means that a significant amount of tokens will be unlocked compared to the total market value.
*This is not investment advice.