Movement Network has emerged as a blockchain platform that bridges the technological gap between Move and EVM ecosystems. The project’s native token MOVE has seen quite notable interest in the market through strategic exchange listings and a community-focused token distribution approach.
Movement Network operates as an ecosystem of modular Move-based blockchains, establishing itself as the first Move-EVM Layer 2 solution for Ethereum.
The network empowers developers to build secure and high-performance blockchain applications through its open-source tools and protocols. This infrastructure facilitates seamless interoperability between different blockchain environments.
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Market Performance and Exchange Support
According to CoinGecko data, MOVE token has surged 49.87% in the past 24 hours, reaching $1.02 with a trading volume of $5.56 billion. Exchange listings have played a critical role in the recent price movement. Binance announced its support for MOVE through its HODLer Airdrop program and will soon list the token on its platform.
Furthermore, Binance Futures launched a USDⓈ-M MOVE Perpetual Contract, with trading having already began on December 9, 2024, at 14:00 UTC.
Other exchanges followed suit, with KCEX also announcing the launch of MOVE perpetual futures trading at 12:10 UTC on the same day. These listings have enhanced the token’s accessibility and liquidity, attracting a broader audience.
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Airdrop Sparks Community Excitement
The Movement Network’s price surge also appears linked to its strategic airdrop approach. Crypto analyst Cryptophile observed that the project’s distribution method naturally limits immediate sell pressure through small initial rewards.
The high Ethereum network costs for claiming tokens have prompted many eligible users to postpone their claims, further reducing potential selling activity.
The airdrop structure includes bonus incentives for participants who wait until the Movement mainnet launch, as revealed in GodOfStorm.btc’s announcement of the live claims process. The project has allocated 40% of its 10 billion total supply to community distribution through claims.movementabs.com. This substantial community allocation, combined with the staged claiming process, has created sustained market interest rather than immediate selling pressure.
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