Binance Considers Delisting MOVE Token Amid Movement Labs’ Rebranding and Leadership Crisis

Movement Labs, now rebranded as Move Industries, faces significant challenges as Binance evaluates the delisting of its MOVE token. The firm terminated co-founder Rushi Manche following a blockchain intelligence probe into suspicious trading activity linked to the token’s dramatic price collapse in December 2024. As Move Industries implements damage control measures, the cryptocurrency community watches closely to see how this situation unfolds.

Movement Labs Rebrands Amid MOVE Token Turmoil and Leadership Shakeup

Movement Labs has undergone a dramatic restructuring, rebranding as Move Industries after terminating co-founder Rushi Manche. The decision follows a blockchain intelligence investigation into suspicious trading activity surrounding the firm’s MOVE token, which suffered a catastrophic price collapse in December 2024.

Binance may delist the embattled token as Movement Labs implements damage control measures, including a $38 million buyback program and severing ties with its market maker. The company’s new leadership promises imminent governance reforms, but market confidence remains shaken by the incident.

Litecoin Whale Move Sparks Selloff Fears as 300,000 LTC Hits Binance

Litecoin faces heightened volatility after an anonymous investor dumped 300,000 LTC ($24.5 million) on Binance. The transfer, flagged by Whale Alert, triggered immediate price pressure as LTC slid to $82 amid broader market uncertainty.

Despite the selloff scare, analysts maintain bullish technical targets NEAR $200. The whale’s complete liquidation—emptying the wallet entirely—suggests strategic repositioning rather than routine profit-taking.