The Movement Labs turbulence is escalating, resulting in significant losses for MOVE token holders. The situation worsened after Coinbase's decision to delist MOVE tokens.

Issues related to market maker activities have negatively impacted sentiment within the Movement Labs community for several weeks.

The co-founder of Movement Labs, Rushi Manche, has been suspended following Coinbase's delisting announcement, leading to investigations into market makers.

Rushi Manche's suspension was announced by Movement Labs as a response to ongoing events, including a third-party review by Groom Lake on organizational governance and market maker incidents.

One of the controversies involves the market maker scandal related to Web3Port, who reportedly sold off 66 million MOVE tokens, causing a 20% drop in the token's value.

Binance also penalized a market maker for the Movement project for breaching trading regulations, resulting in the freezing of profits.

An external investigation was initiated by Movement Labs to look into alleged market maker misconduct concerning MOVE tokens, coinciding with Manche's temporary absence. However, Manche denied reports of leaving the project and claimed to still be actively involved.

Manche's suspension suggests a deepening issue, likely due to new findings emerging from the ongoing third-party investigation.

Questions arise regarding the vetting of liquidity partners and the future of Movement Labs, reflecting concerns about internal controls within the ecosystem.

There are speculations surrounding Sam Thapaliya, who has connections with Movement Labs co-founders and advised them on the launch of MOVE tokens. There were controversies related to his involvement in a market-making agreement that ended in a sell-off scandal.

Manche has expressed intentions to clarify the situation amid rumors and internal conflicts, emphasizing the importance of transparency and the original vision of Movement Labs.

The postponement of the MOVE token airdrop following Manche's remarks added to the uncertainties surrounding the project and contributed to the token's decline in value.