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<p>Movement Network has emerged as a blockchain platform that bridges the technological gap between Move and EVM ecosystems. The project’s native token MOVE has seen quite notable interest in the market through strategic <a href="https://captainaltcoin.com/?s=exchange+listings&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">exchange listings</a> and a community-focused token distribution approach.</p>
<p>Movement Network operates as an ecosystem of modular Move-based blockchains, establishing itself as the first Move-EVM Layer 2 solution for Ethereum.&nbsp;</p>
<p>The network empowers developers to build secure and high-performance blockchain applications through its open-source tools and protocols. This infrastructure facilitates seamless interoperability between different blockchain environments.</p>
<h2 class="wp-block-heading" id="strong-market-performance-and-exchange-support-strong"><strong>Market Performance and Exchange Support</strong></h2>
<p>According to CoinGecko data, MOVE token has surged 49.87% in the past 24 hours, <a href="https://www.coingecko.com/en/coins/movement" target="_blank" rel="noopener noreferrer nofollow">reaching $1.02</a> with a trading volume of $5.56 billion.&nbsp; Exchange listings have played a critical role in the recent price movement. Binance announced its support for MOVE through its HODLer Airdrop program and will soon list the token on its platform.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> is excited to announce the third project Movement (MOVE) on HODLer Airdrops. <br><br>The Airdrop page will be available on the Binance Airdrop Portal in 5 hours. Plus, this token will be listed on Binance soon!<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/qWS3jw6aTi" target="_blank" rel="noopener noreferrer nofollow">https://t.co/qWS3jw6aTi</a> <a href="https://t.co/rQVClm86ks" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/rQVClm86ks</a></p>— Binance (@binance) <a href="https://twitter.com/binance/status/1866041407623905498?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 9, 2024</a>
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<p>Furthermore, Binance Futures <a href="https://x.com/BinanceFutures/status/1866101075817955833" target="_blank" rel="noopener noreferrer nofollow">launched</a> a USDⓈ-M MOVE Perpetual Contract, with trading having already began on December 9, 2024, at 14:00 UTC.</p>
<p>Other exchanges followed suit, with <a href="https://x.com/KCEX_Official/status/1865765645142704439" target="_blank" rel="noopener noreferrer nofollow">KCEX also announcing</a> the launch of MOVE perpetual futures trading at 12:10 UTC on the same day. These listings have enhanced the token’s accessibility and liquidity, attracting a broader audience.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-aave-price-could-skyrocket-to-400/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why AAVE Price Could Skyrocket to $400</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-airdrop-sparks-community-excitement-strong"><strong>Airdrop Sparks Community Excitement</strong></h3>
<p>The Movement Network’s price surge also appears linked to its strategic airdrop approach. Crypto analyst Cryptophile observed that the project’s distribution method naturally limits immediate sell pressure through small initial rewards.&nbsp;</p>
<p>The high Ethereum network costs for claiming tokens have prompted many eligible users to postpone their claims, further reducing potential selling activity.</p>
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   <p lang="en" dir="ltr">Movement Team's Tricky Strategy <a href="https://twitter.com/search?q=%24MOVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MOVE</a><br><br>Most airdrop participants initially received small <a href="https://twitter.com/search?q=%24MOVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MOVE</a> rewards. Claiming on the <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> mainnet is costly, so many eligible users choose not to claim. Additionally, there's a significant bonus for waiting until the <a href="https://twitter.com/search?q=%24MOVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MOVE</a> mainnet launches.… <a href="https://t.co/0oYJkmQ9FY" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0oYJkmQ9FY</a></p>— Cryptophile (@Cryptophileee) <a href="https://twitter.com/Cryptophileee/status/1866382769745498234?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 10, 2024</a>
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<p>The airdrop structure includes bonus incentives for participants who wait until the Movement mainnet launch, <a href="https://x.com/GodOfStorm_btc/status/1866377371525550377" target="_blank" rel="noopener noreferrer nofollow">as revealed</a> in GodOfStorm.btc’s announcement of the live claims process. The project has allocated 40% of its 10 billion total supply to community distribution through claims.movementabs.com. This substantial community allocation, combined with the staged claiming process, has created sustained market interest rather than immediate selling pressure.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-movement-move-price-pumping/" rel="noopener noreferrer nofollow">Why Is Movement (MOVE) Price Pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Movement (MOVE) Price Pumping?

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