Movement Labs’ December 2024 market-making agreement reportedly enabled Rentech to access and liquidate over 66 million MOVE tokens, triggering a post-launch selloff

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The deal reportedly gave Rentech control of over 66 million MOVE tokens that it sold-off after the token launch in early December 2024
The agreement led to 66 million MOVE tokens being sold onto the market the day after the asset’s December 9 exchange debut
The agreement led to 66 million MOVE tokens being sold onto the market the day after the asset’s December 9 exchange debut