Coinbase to Halt MOVE Token Trading as Price Fallout Investigation Continues

Coinbase has announced it will suspend all trading for the MOVE token starting May 15, 2025, due to the asset no longer meeting the platform’s rigorous listing standards. This decision follows internal reviews and community concerns about the token’s compliance, transparency, and underlying fundamentals. As of now, all MOVE token order books on Coinbase have been placed into limit-only mode. This means that while users can still post and cancel limit orders, market orders are currently disabled, restricting real-time execution. The move aims to ensure an orderly market transition ahead of the delisting date. Additionally, an ongoing investigation has brought new information to light: it was discovered that Movement Labs, the team behind the MOVE token, had entered into an undisclosed distribution agreement with Web3Port. The deal, which was reportedly arranged and facilitated by Rentech, raises serious questions about the fairness and transparency of the token’s initial launch and circulation strategy.

• https://www.bitdegree.org/crypto/news/coinbase-to-halt-move-token-trading-as-price-fallout-investigation-continues?utm_source=reddit&utm_medium=social&utm_campaign=r-coinbase-05-02