Tag: token buyback

Movement Network's $38M Gamble: A Desperate Bid or Strategic Masterstroke?

Movement Network's $38M Gamble: A Desperate Bid or Strategic Masterstroke?

This week, the Movement Network Foundation announced a USDT buyback program to the tune of $38 million. Needless to say, this development sent shockwaves through the crypto community. The foundation plans to use the recovered funds to buy back $MOVE tokens, helping to improve the ecosystem and re-establish liquidity along...

Crypto's Risky Reset Button: Are Token Buybacks a Bailout in Disguise?

Crypto's Risky Reset Button: Are Token Buybacks a Bailout in Disguise?

The broad world of crypto—which dangles potent lures of decentralization and freedom from traditional finance—can seem like the Wild West. New infrastructure needs come online every day, all competing for limited transportation dollars. In this uncertain and unpredictable landscape, token buybacks have emerged as a popularizing recurring maneuver. So are...

Movement Network Recovers $38M, Plans Token Buyback After Market Maker Incident

Movement Network Recovers $38M, Plans Token Buyback After Market Maker Incident

The Movement Network Foundation will execute a three-month buyback of MOVE tokens, utilizing $38 million recovered from a market maker. This decision follows an incident where the market maker, tasked with providing liquidity for the MOVE token on Binance, allegedly engaged in misconduct after the token's listing. The organization has...