You can also read this news on COINTURK NEWS: New Layer-2 Project MOVE Gains Attention with Strong Exchange Support

The new layer-2 project on the Ethereum network, Movement (MOVE), launched with a market value exceeding $7.7 billion. This project draws attention with the support of leading cryptocurrency exchanges Binance and Upbit.

Exchange Support

Global cryptocurrency exchange Binance announced its support for MOVE through the airdrop portal. Following the airdrop, it was revealed that trading would be available in the MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY pairs.

Binance classified the MOVE token with a “seed” label, indicating that low-liquidity projects may exhibit higher volatility. Users holding such tokens are required to conduct a risk assessment every 90 days before trading. Today, many exchanges, including Coinbase and Bybit, also listed MOVE Coin on their platforms. Such synchronized listings have not been seen for a long time. The impact of the launch may increase long-term investor interest.

Investor Insights

South Korea-based cryptocurrency exchange Upbit also announced its support for trading MOVE. Shortly after its release, MOVE is trading at $0.77, indicating a 13.8% increase since launch. The project’s market capitalization is determined to be $1.7 billion, while the fully diluted market cap is around $7.7 billion.

“It’s worth paying attention to the MOVE ecosystem—though currently small, it could increase in value alongside projects like Aptos and Sui.”

Venture capitalist Chris Burniske emphasized the importance of closely following the ecosystem involving MOVE. The Move programming language was originally developed as the infrastructure for the now-defunct Diem project supported by Meta and was later used in the development of layer-1 blockchains Sui and Aptos.

MOVE ranks 86th among the largest projects with a fully diluted market cap of $7.7 billion. The rapidly rising MOVE is being watched closely by investors. Increased interest in the project indicates that MOVE may play a significant role in the cryptocurrency world in the future. Support from exchanges and investor interest enhance MOVE’s potential for sustainable growth.

The backing of major exchanges like Binance and Upbit increases the project’s reliability while providing cryptocurrency investors with various trading opportunities. MOVE’s market performance and future developments will be significant indicators for investors.

MOVE launched with support from major exchanges like Binance and Upbit. The project is showing rapid growth and is being closely monitored by investors. Future developments of MOVE could be pivotal in the cryptocurrency world.

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