Coinbase made an announcement about their decision to remove MOVE from their platform, causing a significant drop of over 16% in MOVE's value. The exchange did not provide specific reasons for this move, leading to various speculations within the community.

Recent information indicates that Movement Labs may have been involved, directly or indirectly, in a situation where a market maker disposed of 66 million MOVE tokens. Rumors and a delayed airdrop may have caused Coinbase to lose confidence in the project, prompting the delisting.

Coinbase's move to suspend MOVE trading in two weeks led to an immediate decline in the asset's value. Following the announcement, MOVE's daily trading volume increased by 130%, suggesting that MOVE holders are selling off their assets.

The delisting has dealt a significant blow to Movement Network’s reputation, impacting a project that previously demonstrated potential and success. Despite raising $100 million in VC funding and attracting notable investors, the delayed airdrop and previous market manipulation incidents have raised concerns within the community.

Movement Labs disclosed a delay in a planned airdrop, adding to frustrations triggered by past incidents. Allegations of insider dealings and potential fraud involving Movement Labs have surfaced, pointing to their involvement in a market maker dumping MOVE tokens. The community is cautious about a potential recurrence of past crypto crashes and notes Movement Labs' association with World Liberty Financial.