.@movementlabsxyz has suspended co-founder Rushi Manche.

The decision to suspend Manche follows Coinbase's delisting of the $MOVE token after CoinDesk reported that Movement Labs is investigating how a market maker tied to Web3Port acquired and dumped over 5% of the token’s supply, leading to a price crash.

The $MOVE token has decreased by approximately 20% today.

https://t.co/Mptqya0dxt