Movement co-founder responds to token deposits to Coinbase: Transactions related to institutional products will not be sold or transferred

Mar 30, 2025 23:04:01

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ChainCatcher message, in response to the crypto KOL Ice Frog questioning Movement Labs' deposit of 17.15 million MOVE to Coinbase, Movement co-founder Rushi stated in the comments that this is a transaction for the upcoming institutional products (such as ETP/ETF) and corresponding loans, and it will not be sold or transferred.