Movement Plunges to All-Time Low After Coinbase Says It Will Delist Ethereum L2 Token
The MOVE token experienced a significant drop of 14% following Coinbase's announcement to suspend trading of the Movement token on May 15, 2025. The exchange stated that it regularly reviews assets to ensure compliance with its listing standards. As a result, MOVE reached an all-time low price of $0.2079. This decline marks the lowest price recorded by CoinGecko since the token's launch in December. Following the announcement, trading activity dwindled, prompting concerns among investors. A statement from Coinbase noted that while they keep their listings under constant review, they did not provide further insights into the reasons behind the suspension. As the situation develops, updates will be provided regarding any further actions regarding the token.
Source 🔗