Movement's MOVE Token Soars 25% as Strategic Reserve Is Unveiled After Malicious Market Maker Activity.

Movement's MOVE token soared over 25% after announcing a $38 million buyback to create a Strategic Reserve, countering damage from a malicious market maker who profited $38 million through one-sided trading.

This proactive move, detailed in a March 24th blog post, uses recovered funds to buy back MOVE tokens, restoring ecosystem liquidity and creating a long-term reserve.

The surge outperformed the relatively flat performance of major cryptocurrencies and the CoinDesk 20 index, reflecting investor confidence in Movement's response and Binance's removal of the offending market maker for violating trading rules.