Movement will then transfer another 50 million MOVE tokens, which it repurchased, back to CEX.

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According to Odaily, Movement has transferred another 50 million MOVE tokens (worth approximately $2.51 million) that it previously repurchased to Binance.

In March, Movement was asked to conduct a $38 million token buyback. They subsequently withdrew a total of 180 million MOVE tokens from Binance to the on-chain public address for the buyback, with an average buyback price of $0.21.

However, after completing the buyback, they gradually transferred MOVE back into Binance. A total of 115 million MOVE tokens (worth approximately $10.91 million) from these buybacks have now been transferred back into Binance.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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