Movement is transferring back to a CEX the 50 million MOVE tokens bought back.

BlockBeats News, November 21st, according to @EmberCN monitoring, Movement has once again transferred 50 million MOVE tokens previously repurchased (worth approximately $2.51 million) to Binance.

In March, Movement was required to repurchase $38 million worth of tokens. Subsequently, they transferred a total of 180 million MOVE tokens from Binance to the repurchase on-chain public address, with a repurchase average price of $0.21 per token.

However, after completing the repurchase, they have gradually retransferred MOVE back to Binance. Currently, 115 million repurchased MOVE tokens (worth approximately $10.91 million) have been retransferred to Binance.

At the time of writing, MOVE is currently trading at $0.05, with a 4.32% decrease in the last 24 hours, a 36% decrease in the last 30 days, and a 61% decrease in the last 90 days.