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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Movement Labs, a San Francisco-based team developing a layer-2 blockchain on Ethereum, is nearing the completion of a $100 million Series B funding round, valuing the company at approximately $3 billion. The funding surge follows a rebound in crypto markets, driven by renewed investor interest and a favorable political climate. Investors will receive equity and the proprietary Move token, which has seen significant trading activity since its launch in December.
BYDFi, recognized among the top 10 crypto exchanges, has listed the $MOVE token, the native asset of the Movement Network, which launched on December 9, 2024. Built on the Move programming language, $MOVE enhances blockchain security and offers utilities such as transaction fee coverage and governance participation.Despite market volatility, $MOVE has shown resilience, trading at $0.7053 with a market cap of $170 million and a fully diluted valuation nearing $10 billion. The Movement Labs team, backed by significant funding, aims to establish $MOVE as a critical infrastructure token in the blockchain ecosystem.
The Movement Network Foundation has launched the MOVE token, distributing over $830 million in airdrops to early users through the "MoveDrop," which allocated 1 billion MOVE tokens. The total circulating supply now stands at 2.25 billion tokens, with major exchanges like Coinbase and Binance supporting trading. The network aims to empower developers and users in shaping Ethereum's scaling future, with a focus on community rewards and contributions.
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