According to PANews on March 31, Rushi Manche, co-founder of Movement Labs, posted on the X platform in response to the community's doubts about the tokens transferred to the trading platform, saying that the relevant tokens are prepared for the institution's upcoming products (such as ETP/ETF) and loan transactions, and will not be sold or transferred. Earlier, OnchainLens monitoring showed that the Movement Labs team address deposited 17.15 million MOVE (about 7.74 million US dollars) to Coinbase yesterday, and a total of 24.15 million MOVEs were deposited in the past two days, worth about 11.03 million US dollars.