Movement (MOVE) is the native cryptocurrency of the Movement Network, an Ethereum Layer-2 solution that integrates the Move programming language to enhance transaction speed and security. Launched in December 2024, MOVE has quickly gained attention in the crypto community.
On December 9, 2024, Binance listed MOVE, introducing trading pairs such as MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY. This listing followed a "MoveDrop" airdrop that distributed 10% of the total MOVE supply to early adopters, contributing to a significant increase in market activity. Within 90 minutes of listing, MOVE achieved a market capitalization of $1.6 billion and a trading volume of $450 million.
The Movement Network aims to address Ethereum's scalability challenges by offering a secure and high-throughput environment for decentralized applications (dApps). By leveraging the Move Virtual Machine (MoveVM), it provides developers with tools to build efficient and secure smart contracts.
As of December 19, 2024, MOVE is trading at approximately $0.08, with a circulating supply of 2.25 billion tokens out of a maximum supply of 10 billion. Investors and developers are closely monitoring MOVE's performance, given its potential to enhance Ethereum's ecosystem through improved scalability and security.
For more detailed information, Binance's research page on Movement provides comprehensive insights into the project's objectives and technical framework.