<ul><li>Binance has identified a market maker for the MOVE token who dumped 66 million tokens post-Movement launch, making a $38 million profit.</li><li>The Movement Network Foundation was initially unaware of the market maker's activity, but cut all relationships with them after being informed by Binance.</li><li>Binance has frozen the market maker's profits and will use the recovered funds for a buyback program called 'Movement Strategic Reserve' to repurchase MOVE from public markets.</li><li>The market maker, associated with a previously banned market maker, was off-boarded by Binance due to misconduct.</li></ul>

Binance Identifies Movement Crypto Market Maker That Dumped $38 Million MOVE Tokens

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