Movement Labs Rebrands as Move Industries With New Team
The post Movement Labs Rebrands as Move Industries With New Team appeared on BitcoinEthereumNews.com. Movement Labs Rebrand:- A significant restructuring announcement has been made by the Movement Labs – the developer behind the layer 2 blockchain platform Movement Network. In a latest X post update today, the company has now rebranded as Move Industries. After the MOVE token crash last week, the company called the announcement as “A new Era Begins!”. This comes only an hour after the company officially terminated the co-founder Rushi Manche for signing undisclosed deals backstage. He was reportedly found to be involved in secret agreements between Movement Labs and Chinese market maker web3 port. This caused the leading crypto exchange Coinbase to suspend the trading for the MOVE Token, the native crypto of the layer-2 blockchain Protocol. Interestingly, the leadership reshuffle and rebranding comes before the implementation of this suspension for MOVE token trading on Coinbase – which will take effect from 15 May. Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon. — Movement (@movementlabsxyz) May 7, 2025 Who are the Faces Behind Movement Labs’ New Team Movement Labs, now rebraded as Move Industries, will have Torab. the Movement CEO and Vibe Sommalier, President and CMO as the new leadership faces. With the new leadership and rebrading, the new team aims to work for better governance and transparency. Post-MOVE token crash, the company will now shift focus from “hype to action”. It has also announced planning major tech upgrades, Parthenon and a MoveDrop soon. Source: X post Related: Coinbase Suspends MOVE Trading The Crash that Wiped Off $2.5 Bn From the Market MOVE made its debut with the launch in December 2024. Shortly after it, MOVE token reached a market capitalization of around $3 billion, with a peak price of $1.45. However, as…
The post Movement Labs Rebrands as Move Industries With New Team appeared on BitcoinEthereumNews.com.
Movement Labs Rebrand:- A significant restructuring announcement has been made by the Movement Labs – the developer behind the layer 2 blockchain platform Movement Network. In a latest X post update today, the company has now rebranded as Move Industries. After the MOVE token crash last week, the company called the announcement as “A new Era Begins!”. This comes only an hour after the company officially terminated the co-founder Rushi Manche for signing undisclosed deals backstage. He was reportedly found to be involved in secret agreements between Movement Labs and Chinese market maker web3 port. This caused the leading crypto exchange Coinbase to suspend the trading for the MOVE Token, the native crypto of the layer-2 blockchain Protocol. Interestingly, the leadership reshuffle and rebranding comes before the implementation of this suspension for MOVE token trading on Coinbase – which will take effect from 15 May. Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon. — Movement (@movementlabsxyz) May 7, 2025 Who are the Faces Behind Movement Labs’ New Team Movement Labs, now rebraded as Move Industries, will have Torab. the Movement CEO and Vibe Sommalier, President and CMO as the new leadership faces. With the new leadership and rebrading, the new team aims to work for better governance and transparency. Post-MOVE token crash, the company will now shift focus from “hype to action”. It has also announced planning major tech upgrades, Parthenon and a MoveDrop soon. Source: X post Related: Coinbase Suspends MOVE Trading The Crash that Wiped Off $2.5 Bn From the Market MOVE made its debut with the launch in December 2024. Shortly after it, MOVE token reached a market capitalization of around $3 billion, with a peak price of $1.45. However, as…
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