They raised $38M. Aimed for a $1B vision 😩

Crypto influencers cheered.

Binance and Coinbase buzzed.

Airdrops flew. Hype soared.

But one silent move killed it all.

Here’s how $MOVE crashed before takeoff — and what it teaches us:

1.

The Hype Phase:

‱ $38M raised by movementlabsxyz

‱ Promised modular L2 for Move ecosystem

‱ Backed by a16z, Polychain, and other big VCs

‱ Airdrops promised. Community excited.

‱ Listing anticipation on Binance/Coinbase

2.

The Build:

‱ “M1” testnet launched

‱ Claimed to merge performance of Sui/Aptos with Ethereum compatibility

‱ Targeted DeFi, gaming, and consumer apps

‱ Devs + users = bullish

3.

The Fatal Move:

Then came the misstep.

‱ Tokenomics revealed

‱ Only 6% to the community

‱ ~30% to insiders (VCs, team)

‱ Rest locked in unclear terms

Trust shattered.

4.

Community Backlash:

‱ Crypto Twitter lit up

‱ “Decentralization theater” accusations

‱ Airdrop farmers dumped

‱ No clarity from the team

‱ Momentum lost before launch

5.

Lesson for Web3:

‱ It’s not just tech.

‱ Token design = trust architecture

‱ Over-VC’d projects lose grassroots support

‱ Community-first > VC-first

$MOVE had the tech.

But lost the narrative.

In Web3, your biggest asset is trust — not capital.

Don’t just build the next thing.

Build it with the people.

#crypto #TokenomicsExplained #Binance #defi

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