Coinbase Delisting and Market-Making Scandal Crush MOVE Token to Historic Lows

The MOVE token, native to the Ethereum-based Movement Network, has plummeted to an all-time low following Coinbase’s decision to delist it amid a market-making scandal. The US cryptocurrency exchange announced on May 1, 2025, that it would suspend MOVE trading by May 15, citing the token’s failure to meet listing standards. Prior to the suspension, Coinbase placed MOVE order books in limit-only mode, restricting trading activity. This development has sent shockwaves through the crypto community, raising concerns about the token’s future and the broader implications for similar assets. The controversy surrounding questionable market-making activities has further eroded investor confidence, exacerbating the token’s decline. As of May 3, 2025, the MOVE token’s price continues to struggle, with no immediate signs of recovery. This incident underscores the importance of regulatory compliance and transparency in the rapidly evolving cryptocurrency market.

Coinbase Delisting Sends Movement’s MOVE Token to All-Time Low Amid Market-Making Scandal

The native token of the Ethereum-based Movement Network, MOVE, plunged to a historic low following Coinbase’s delisting amid controversy tied to questionable market-making activities. The US crypto exchange announced on May 1 that it would suspend MOVE trading by May 15, citing failure to meet listing standards.

Prior to the suspension, Coinbase placed MOVE order books in limit-only mode, allowing users to set or cancel orders without executing new trades. The delisting triggered a 23% price drop to $0.18—a record low—extending monthly losses beyond 50%. The token now trades 84% below its December 2024 peak of $1.21.

Kevin O’Leary Predicts Crypto as the 12th Sector of the Economy

Kevin O’Leary, chairman of O’Leary Ventures, has doubled down on his bullish stance toward digital assets, declaring that cryptocurrency will become the "12th sector of the economy" within five years. His conviction comes as Bitcoin reclaims the $100,000 mark and markets stabilize. O’Leary emphasized the need for clear regulation to unlock the next phase of institutional adoption.

The Shark Tank star maintains a 19% portfolio allocation to crypto and related equities, including direct exposure to digital assets and stakes in major exchanges like Coinbase, Robinhood, and WonderFi. His strategy hinges on traditional portfolio construction, positioning for an anticipated influx of institutional capital.