Crypto exchange Coinbase has announced it will suspend trading of Movement Labs’ native token effective May 15.
The decision was shared in a May 1 post on X, with Coinbase citing the token’s failure to meet its listing standards. According to CoinMarketCap, the MOVE token declined by 13.6% in the last 24 hours. Coinbase announced:
« Trading for MOVE will be suspended on Coinbase, Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. We have moved our MOVE order books to limit-only mode. Limit orders can be placed and canceled, and matches may occur. »
The trading suspension follows an ongoing investigation into Movement Labs over an agreement that allegedly influenced the MOVE token price.
This is a developing story, and further information will be added as it becomes available.
