Movement (MOVE)
Move language L1 down 98.6% from ATH following market maker scandal and insider dumping; project credibility severely damaged
Ranked 238th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
MOVE scores 67 of 250 across the 25-variable framework, which places it 238th of 251 rated tokens and inside the bottom 10% of the set. The framework verdict is PASS.
The score rests on Exchange Depth 6/10, 37th of 251 and P/S Multiple 5/10, 38th of 251.
Against the same universe, MOVE sits in the bottom third on Insider Selling 1/10, 249th of 251, Holder Concentration 2/10, 240th of 251, Revenue Trend 1/10, 231st of 251 and Team Execution 2/10, 230th of 251. These are the variables that would have to move for the verdict to change.
Only 41.7% of MOVE's maximum supply is in circulation, so 2.4x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 58.3% of the fully diluted value sitting ahead of today's holders. That is a heavy overhang: most of the eventual supply has not reached the market yet.
MOVE trades 99.48% below its all-time high of $1.45. Recovering that level is a 192.3x move, not a 99.48% one, which is the arithmetic most drawdown charts hide.
$18.0M sits in the protocol. Each dollar of value locked carries 1.74 dollars of token market cap.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 1 | 221st of 251 | |
| Revenue Trend | 1 | 231st of 251 | |
| P/S Multiple | 5 | 38th of 251 | |
| Real Staking Yield | 3 | 143rd of 251 |
Supply
| Supply Inflation | 2 | 228th of 251 | |
| Vesting Schedule | 2 | 223rd of 251 | |
| Circulating / FDV Ratio | 3 | 225th of 251 | |
| Buyback and Burn | 1 | 205th of 251 |
Ownership
| Smart Money Flows | 2 | 217th of 251 | |
| Insider Selling | 1 | 249th of 251 | |
| Holder Concentration | 2 | 240th of 251 |
Traction
| TVL Trend | 2 | 189th of 251 | |
| Active Users | 2 | 220th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 2 | 203rd of 251 | |
| Competitive Moat | 3 | 175th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 6 | 37th of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 3 | 158th of 251 | |
| BTC Alpha Potential | 2 | 200th of 251 | |
| Team Execution | 2 | 230th of 251 | |
| Treasury Runway | 4 | 181st of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Move language adoption if Aptos/Sui success creates demand for Movement network
Principal risk
Market maker manipulation scandal in 2025 destroyed community trust; one of worst token performance records in top-200; near zero TVL
Market and supply
| Price | $0.007530 |
| Market cap | $31.4Mrank 610 |
| All-time high | $1.4510 Dec 2024 |
| Circulating supply | 4,166,666,667 |
| Eventual supply (max supply) | 10,000,000,000 |
| Dilution to full supply | 2.4x |
| Total value locked | $18.0M |
| Listed on | Bybit, Binance, Gate.io |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to MOVE measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [The Block] Movement Labs embroiled in market maker scandal in early 2025; Rentech (market maker) accused of wash trading and coordinated dumps
- [CoinGecko] MOVE down 98.6% from $1.15 ATH; listed on Binance at launch with massive insider allocation concerns
- [DefiLlama] Movement TVL under $20M despite $38M raise and prominent backers including Polychain and Binance Labs
Common questions
- What is the Early Thunder score for Movement (MOVE)?
- MOVE scores 67 out of 250 on the 25-variable framework, ranking 238th of 251 rated tokens (bottom 10%). The framework verdict is PASS.
- What are MOVE's strongest fundamentals?
- MOVE ranks highest on Exchange Depth 6/10, 37th of 251 and P/S Multiple 5/10, 38th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the MOVE thesis?
- MOVE scores in the bottom third of the universe on Insider Selling 1/10, 249th of 251, Holder Concentration 2/10, 240th of 251, Revenue Trend 1/10, 231st of 251 and Team Execution 2/10, 230th of 251. The single risk carried on the scorecard is: Market maker manipulation scandal in 2025 destroyed community trust; one of worst token performance records in top-200; near zero TVL
- How much MOVE supply is still to enter circulation?
- 41.7% of eventual MOVE supply is circulating today, leaving 2.4x the current float still to arrive. At a flat price per token that is 58.3% of fully diluted value ahead of current holders.
- How far is MOVE from its all-time high?
- MOVE trades 99.48% below its all-time high of $1.45. Returning to that high requires a 192.3x move from the level used in this scoring pass.
- Which tokens have a similar profile to MOVE?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to MOVE are BLAST (87), STRK (93), MODE (72) and ZK (95). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for MOVE?
- Move language adoption if Aptos/Sui success creates demand for Movement network
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.