Behold, the grand spectacle of Binance, the digital coliseum of crypto, where an audacious entity dared to dance with fortune, amassing a princely $38 million from the MOVE token. Now, in a plot twist worthy of a Solzhenitsyn novel, Binance, in holy alliance with the Movement Foundation, steps forth to shield the innocent and resurrect the fallen trust. 🛡️💔
A Symphony of66 Million Tokens: The Great Sell-Off 🎻
In an episode reminiscent of a market maker’s fever dream,66 million MOVE tokens were flung into the abyss just a day post their grand listing on December10. The perpetrator, a market maker with a dubious past involving GPS and SHELL tokens, was caught in the act. The tale unravels further: Binance, ever vigilant, had already banished this entity on March9 due to prior indiscretions. The MOVE account faced its demise on March18, its spoils frozen, perhaps to fund reparations for the aggrieved. 🕵️♂️❄️
A Foundation’s Redemption: The $38M Buyback Crusade 🏰
Enter the Movement Network Foundation, blindsided by the treachery. Their choice of market maker, once seen as a stalwart ally, now revealed as a Judas. Upon enlightenment by Binance on March11, they severed ties with the speed of a guillotine’s descent and alerted fellow exchanges. In an act of penance, a $38 million USDT buyback campaign is announced, birthing the “Movement Strategic Reserve.” Over three moons, they shall reclaim MOVE tokens from Binance, ensconcing them in an on-chain vault for the ecosystem’s enduring prosperity. 🌙💼
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2025-03-25 22:09