Binance will postpone its second Launchpad airdrop for MOVE tokens until the Movement project gains clearer insight into its future direction. Recently, the tokens intended for this airdrop were transferred to Binance’s wallets, which had raised anticipation for the event.
Binance has announced a delay in the second phase of the MOVE token airdrop. The delay was announced just hours after the Movement Foundation deposited the tokens for the Launchpad airdrop.
Binance Launchpad has maintained an extended collaboration with Movement, revealing the airdrop towards the close of 2024. Their original deal stipulated that they would distribute 5% of the MOVE token supply roughly half a year following the asset’s listing on the spot market.
Binance Launchpad stated, “Owing to the continuous updates concerning the Movement project, we’ve chosen to delay the MOVE HODLer Airdrops until more information becomes available from the project about the current circumstances.”
statement.
In the months following the listing, MOVE went through trading turbulence, at one point erasing
$38M
in value due to the actions of a rogue market maker. In April 2025, MOVE crashed by
20%
following its removal from Coinbase.
After the latest announcement, MOVE dropped even lower to $0.15 despite assurances from the project that they were still committed to delivering their promises. Once more, the postponement of the Binance Launchpad event let down the project’s supporters, who had seen the planned airdrop as a potential catalyst for a rebound.
MoveDrop was scheduled for prior to the launch of Season 2 of Launchpad; however, it has encountered postponements over the last week.
The initiative encountered ambiguity because the Movement Foundation sought to mend the reputational harm done. A major issue for MOVE was the alignment between their team and certain consultants and market makers who held significant control over the token supply. This resulted in pricing volatility, thereby weakening what would have been solid technical strategies for the platform.
The development of a DeFi sector is presently in its initial phase, with approximately
$106M
Across various decentralized exchanges and loan applications.
The Movement Foundation welcomes new leadership
The Movement Foundation reported a shift in its leadership structure, following
suspending
co-founder Rushi Manche.
The
new leadership
Will be called Move Industries and will assume control starting May 7.
The newly appointed leaders stated that MovingDrop will be their top priority, with subsequent focus on community involvement and technological improvements. They frequently reference the MovingDrop occasion, aiming to rejuvenate both the indigenous cryptocurrency and the overall initiative.
Move Industries has chosen initial team members from Movement Labs to lead the initiative. The new CEO and ecosystem architect roles will be filled by
@torabyou
, and
@livingwithwill
is taking on the roles of both President and Chief Marketing Officer.
Move Industries will be completely revamped as a brand-new entity, encompassing a comprehensive restructuring of its governance. Community members will participate in open discussions during transparent town hall meetings, and the newly formed team will conduct thorough evaluations and validations of their partnerships.
The Movement project is also encountering the wrath of its community, which might be less inclined to participate actively after the collapse of the MOVE token and the unsuccessful airdrops.
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