Movement Lianchuang responded to doubts: Tokens deposited in the exchange are used for institutional products and loan transactions and will not be sold
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Planet Daily News: Movement Labs co-founder Rushi Manche addressed community concerns on X platform regarding token transfers to trading platforms, stating that the related tokens are prepared for upcoming institutional products (such as ETP/ETF) and loan transactions, and will not be sold or transferred. Previously, OnchainLens monitoring showed that the Movement Labs team address deposited 17.15 million MOVE tokens (approximately $7.74 million) to Coinbase yesterday, with a cumulative deposit of 24.15 million tokens over the past two days, valued at around $11.03 million.
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