Coinbase will suspend the listing of the cryptocurrency Movement (MOVE) “on or around” 2 p.m. ET on May 15.
In the meantime, it appears Coinbase changed the MOVE order books to limit-only mode, the firm wrote Thursday on the social media platform X, adding that limit orders can be placed or canceled.
Coinbase did not publicly offer a clear reason as to why it suspended the token, but it did say that it “regularly monitor[s] the assets on our exchange to ensure they meet our listing standards” on X.
Following Coinbase’s announcement, MOVE’s token price fell around 20% from $0.25 to $0.20, according to The Block’s MOVE price page.
In mid-April, the Move Network experienced controversy over “market maker abnormalities” and its co-founder taking a “leave of absence.”
Movement Network launched mainnet beta and native token in December 2024.
This story is developing.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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