
The cryptocurrency market is experiencing notable volatility, particularly with the tokens $MOVE, $SHELL, and $GPS, which are undergoing buyback processes due to actions taken by market makers. The $MOVE token, associated with Movement Labs, saw a significant price increase of over 30% following a successful recovery of 3,800 wu from Movement Labs. As of March 25, the buyback progress for $MOVE stands at 14.31%, with the token having risen by 31.62% since March 23. In contrast, $SHELL has a buyback progress of 81.12% and has increased by 8.07% since March 13, while $GPS shows a buyback progress of approximately 0% with a 4.19% price increase during the same period. The situation has prompted discussions about potential changes to listing rules on exchanges like Binance to prevent similar occurrences in the future. The ongoing developments highlight the influence of market makers in the cryptocurrency space and the complexities of price movements.
very interesting read on how market makers can abuse their position for their own profit crypto price action can be wild and confusing, and i suspect you can’t understand it without understanding market makers https://t.co/BGGNll4i6N
《币价下跌,到底是谁的锅?》 其实前段时间就想写,一直没时间,正好趁着 @movementlabsxyz 也被冻结3800wu后,来聊聊这个话题。 -------- 做市商背锅? 从 @GoPlusSecurity 开始,然后 @myshell_ai 再到昨天的 @movementlabsxyz 。 一个一直隐藏在幕后的一个群体“做市商”,被逼着走到了台前。 https://t.co/fDwhU7xUZc
Movement's MOVE token was the market leader in early hours Asia trading as the protocol plans a token buyback, @thesamreynolds reports. https://t.co/S9HTFLeTMN




