Coinbase Delisting Decision Sends Movement Token to Record Low

The native token of Ethereum layer-2 network Movement, MOVE, has plummeted to an all-time low following Coinbase’s announcement to delist the asset. This development highlights the increasing scrutiny and tightening governance requirements faced by smaller layer-2 projects in the cryptocurrency space.

Movement Token Plunges to Record Low Following Coinbase Delisting Announcement

MOVE, the native token of Ethereum layer-2 network Movement, tumbled 14% to an all-time low of $0.2079 after Coinbase revealed plans to delist the asset. The exchange cited compliance with listing standards in its decision to suspend trading effective May 15, 2025.

The token’s collapse reflects mounting pressure on smaller layer-2 projects as major platforms tighten governance requirements. Movement’s foundation remained silent on the development, leaving investors without immediate guidance on the project’s roadmap.

Movement Token Plunges 14% After Coinbase Trading Suspension

Movement Labs’ MOVE token tumbled over 13% as Coinbase announced plans to suspend trading, citing "recent reviews" of market activity. The decision follows a CoinDesk investigation into market-making arrangements that allegedly incentivized price manipulation.

While the broader CoinDesk 20 Index gained 4.4%, Movement Labs is probing how market Maker Web3Port may have acquired and dumped large token quantities on retail investors. Coinbase will halt MOVE trading effective May 15 at 2:00 p.m. PT, having already shifted to limit-only orders.