movement (MOVE)

I just want to remind you that @movement_xyz raised a $38M Series A, and 66M MOVE tokens were dumped the day after launch (~5% supply, per CoinDesk). MNMT is now filing for bankruptcy because they’re out of money—and once the media catches up, @torabyou posts that Move Industries and MVMT Labs are two different companies, and the bankruptcy doesn’t affect Movement. Had to do mini research to actually understand wtf. Move Industries is the successor to MVMT Labs, Inc. following a 2025 corporate restructuring triggered by a controversial token launch. When MVMT Labs faced turmoil and ultimately filed for Chapter 11, early employees spun out and rebranded the core development and operating responsibilities as Move Industries. The relationship between the two entities can be summarized as follows: • Move Industries took over the core blockchain development and operating responsibilities of the Movement Network ecosystem after MVMT Labs underwent a major management shake-up. • MVMT Labs and Move Industries are entirely separate legal entities. Consequently, Move Industries is not involved in, nor protected by, the MVMT Labs bankruptcy case. • In the bankruptcy proceedings, Move Industries is considered a creditor to MVMT Labs. The exact separation of historical financials, intellectual property, and brand usage rights remains under review. • Move Industries operates as an independent development team. Under @torabyou, it pivoted its strategic focus away from Ethereum scaling networks and toward cross-border payments, remittances, and stablecoin settlements. I will leave the conclusion to you – but $MOVE has one of the ugliest charts in crypto.

Movement raised $141.4 million and had a $106 billion FDV. Despite all that. • It's generating $0 in protocol revenue and fees. • Filed for Chapter 11 bankruptcy in under 600 days. • The token is now down 99.3% from its all-time high If you invested $1,000 in MOVE at the top, you'd be left with just $7 today. A brutal reminder that valuation means nothing without execution.

Movement Labs just filed for Chapter 11, the same company whose MOVE token got dumped by a market maker one day after launch. 💥 The full collapse, explained: https://t.co/2QhR2vV9CM

$MOVE collapsed 100x from ATH. The Movement saga just took a dramatic turn. Movement Labs (MVMT Labs), the original developer of the Movement blockchain, filed for Chapter 11 bankruptcy in the US on 15/07/2026. The company raised $141M, launched $MOVE in late 2024, then faced a series of major setbacks: • Market maker-related scandal triggered heavy token selling. • $MOVE fell more than 99% from its all-time high. • Internal disputes emerged around governance and restructuring plans. • Binance took actions related to the incident. • Movement’s application revenue was nearly $0 for months, with reported transaction fees around $1 in 24 hours, despite TVL still around $133M. Court filings show: • Estimated assets: $100,000–$500,000 • Liabilities: $1M–$10M • Around 200–999 creditors • Largest known creditor: former CEO Rushi Manche, owed approximately $1.6M Important detail: Chapter 11 means restructuring, not liquidation. The court allowed the company to continue operating through debtor-in-possession financing. After the bankruptcy filing, Move Industries — led by Torob Torabi — stated that it is not MVMT Labs and remains the team continuing to develop the Movement ecosystem. According to CEO Torob Torabi, Movement is shifting focus toward payment infrastructure and stablecoins for emerging markets. $MOVE remains the native token of the network, and the blockchain continues operating normally. The biggest question now: A project raises $141M, loses 99%+ token value, faces governance scandals, files bankruptcy, changes legal entities, and pivots toward the latest market narrative. The token is down 100x from the peak. The ecosystem has limited users, near-zero application revenue, and the previous team carries major controversy. What do you think about Movement’s future after this restructuring?

never thought that I'd be reading tis today :< @movement_xyz has officially filed for Chapter 11 bankruptcy after once aiming for a $3 billion valuation The filing comes after the MOVE token launch controversy, the market marker issue and months of investigation it's sad to see how thing turned out for them :< it gave me a 5-figure airdrop 2 years ago I never expected their story to end like this

🚨BREAKING: Movement Labs once raised $141M and targeted a $3B valuation. However, they just filed bankruptcy with $100K in assets. daily app revenue was just under $800, made single digit fees for months, it's the scandal that killed trust first. In December 2024, a market-making deal handed 66 million $MOVE tokens, 5% of the supply, to an intermediary. That wallet sold the next day for $38M. Binance banned the account and froze the profits. Token's crashed over 97% from its ATH. FDV sits at $106M now. The former co-founder Rushi Manche, who got fired over the token scandal is now on the list of people the company owes money to.

HUGE: Movement generated near-zero revenue and fees for months before bankruptcy. DefiLlama data shows daily app revenue stayed below $800, while daily chain fees fell to single digits for months since November. Movement’s $MOVE token is down over 97% from its ATH, with its FDV collapsing to around $106M. Movement Labs has now filed for Chapter 11, listing just $100K in assets against liabilities of up to $10M.