Investigation Targets MOVE Token Amid Founder Misconduct and Market-Maker Anomalies

Movement Labs and the Movement Network Foundation have launched an independent third‐party investigation into market‐making irregularities affecting the MOVE token. This inquiry follows Binance’s recent decision to delist an unnamed market maker due to similar irregularities, raising concerns over transparency and internal controls. Internal communications revealed that co-founder Cooper Scanlon hinted at ongoing explorations regarding market practices, while co-founder Rushi Manche temporarily stepped back from in-person events, although he remains active in virtual ecosystem calls. The investigation is positioned as a standard best practice to ensure accountability and may have implications for the token’s market dynamics, though no definitive outcomes have yet been disclosed. Related discussion in the news also references Chainlink (LINK), hinting at technical analyses on its price recovery; however, the MOVE investigation remains the primary focus of this report.