there are incentives basically to manipulate the price to over $5 billion fully diluted value and then dump on retail for shared profit,” concluded Zaki Manian, a veteran crypto founder who reviewed the documents.
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Inside Movement’s Token-Dump Scandal: Secret Contracts, Shadow Advisers and Hidden Middlemen
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Movement Labs’ market-making agreement reportedly allowed Rentech to liquidate its MOVE tokens if the cryptocurrency’s fully diluted valuation surpassed $5 billion, triggering a 50-50 profit split with the Movement Foundation, a structure Zaki Manian warned could incentivise retail price manipulation
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