This is the reason for pumping the movement (movement)

This is the reason for pumping the movement (movement)

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house ” magazine ยป This is the reason for pumping the movement (movement)
This is the reason for pumping the movement (movement)

The movement price (Move) has witnessed a prominent price increase, as it jumped by 15 % over the past 24 hours. This follows a more important increase of about 50 % yesterday before seeing some decline. The sudden price procedure has many investors who are asking about what drives this gathering in the distinctive symbol.

The price jump is linked to a major announcement of $ 38 million in re -purchases, as the project recovers money from the harmful market makers. This recovery effort has paid Transfer To the top, a strong positive feeling appears to return to the distinctive symbol.

Binance reveals market treatment

The repurchase plan comes in response to a disturbing situation revealed by Binance. According to Wu Blockchain, Binance discovered that the movement maker associated with movement was linked to another company previously prevented from misconduct.

According to this entity, 66 million transmitted symbols were delivered on December 10, shortly after the distinctive symbol list, with minimal support from the purchase side. The market maker has benefited from about 38 million US dollars before its removal on March 18.

In response to this manipulation of the market, Movement Network Foundation I completely cut all partnerships with the problematic market maker. They also took the additional step to alert other exchanges about the situation to prevent similar problems in the wider market.

38 million dollars The distinctive code purchase program was launched

The cornerstone of the movement’s recovery strategy is a newly launched re -purchase plan worth $ 38 million to support the distinctive ecosystem. This re -purchase will be initiated on Binance over the next three months, creating constant pressure to purchase, which is already reflected in the movement of movement prices.

Wu Blockchain also stated that the market participating market maker is the same entity as GPS Shell, which is Web3port (Whisper). According to ROOTDATA, the investment portfolio in this company includes other projects such as Puffer, Uxlink and Bitlayer.

Also read: How high KASPA is in this course? Kas price analysis

The distinctive symbols of these developments responded positively, as the program of officially re -purchasing began with its first deposit. This proactive approach by the movement team shows their commitment to protecting investors and enhancing confidence in the future of the project.

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