@yeet-1336
But here's the twist:
The tokens never went to Web3Port officially. Instead they were transferred to Rentech : a little-known entity that turned out to be a proxy for Web3Port
It’s either that Web3Port tricked them or an insider executed the transaction with full knowledge.
Now 66 million $MOVE tokens are in Rentech’s hands. Then the most shocking part was revealed :
In one of the screenshots it was shown that once the $MOVE token reached a $5 Billion valuation then they would sell the tokens to take a profit share.
That’s why they deliberately manipulated the price to push it above $5 Billion in valuation and then sold off $38 million worth of tokens.
After this incident > Binance banned Web3Port.
Movement Labs team came forwardpromising a buyback of tokens to stabilize the price.
But to date that hasn’t happened : No BuyBack.
That's why we've seen sudden -30% dump in $MOVE and overall down by -86% from ATH
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