Movement Lab announced today that it has suspended co-founder Rushi Manche at X.
The move to pause Manche occurs when Coinbase lists the token of the move.
Make sure Rushi Manche is stopped from Movement Lab. The decision is made in light of ongoing events, with third-party reviews still being implemented by Groom Lake regarding recent incidents involving organizational governance and market makers.
– Exercise (@movementlabsxyz) May 2, 2025
Coinbase has moved to a pause of travel transactions following a Coindesk report that revealed Movement Labs tied to Web3port that market makers have dumped more than 5% of their token supply, causing prices to plummet.
Binance previously banned market makers at the heart of this Web3port from the platform.
Market data shows that mobile tokens are down more than 20% a day.
