Movement United Creation responds to token deposits in CEX: Transactions related to institutional products will not be sold or transferred
In response to the encrypted KOL Ice Frog's questioning of Movement Labs depositing 17.15 million MOVE into CEX, Rushi, the co-founder of Movement, stated in the comments section that this is a transaction for institutional products (such as ETP / ETF) and corresponding loans that are about to be launched by institutions. It will not be sold or transferred.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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