Coinbase suspended Movement token trading after revelations that market maker Web3Port had sold 66 million tokens just one day after the listing, citing the token’s failure to meet its listing standards

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It also comes after Coinbase’s recent decision to suspend the Movement Network (MOVE) token, citing its failure to meet its listing standards.

The lack of transparency surrounding this deal and the subsequent price drop triggered significant backlash from the community and prompted both Binance and Coinbase to take action, with Binance blacklisting the market maker and Coinbase deciding to suspend trading of the MOVE token by May 15.