Movement (movement) of the Ethereum (ETH)-based Layer 2 project, which was cratered to an all-time low on Thursday after Coinbase announced asset trading support as Ax on May 15.
Coinbase did not clarify specific reasons for delisting, but the decision came just weeks after the move got caught up in a controversy over another top crypto exchange.
In late March, Binance banned and frozen assets of market makers that were operating for the move.
The native tokens for the Layer-2 project were launched in December via Binance’s Airdrops portal, but Binance said the unnamed market maker sold around 66 million move tokens on December 10th, with fewer purchase orders.
The market maker was to earn $38 million worth of Stablecoin USDT profits before taking the offboard last week.
Movement uses Move, a programming language built by a consortium supported by Tech Giant Meta for the originally deprecated Diem project. I then developed the layer-1 blockchain SUI (SUI) and APTOS (APT) using this language.
The mobile token reached an all-time low of $0.185 at some point on Thursday. The 160th cryptocurrency by market capitalization is trading at $0.189 at the time of writing, down more than 23% over the past 24 hours.
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