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MOVE Token Crash: Movement Labs Rebrands as Move Industries With New Team

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Summary
Nutrition label

59% Informative

Movement Labs the developer behind the layer 2 blockchain platform Movement Network has rebranded as Move Industries .

The company has terminated the co-founder Rushi Manche for signing undisclosed deals backstage.

Manche was found to be involved in secret agreements between Movement Labs and Chinese market maker web3 port.

This caused the leading crypto exchange Cpinbase to suspend the trading for the MOVE Token.

VR Score

34

Informative language

19

Neutral language

55

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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