$7.23M in MOVE tokens transferred to address linked to DWF Labs

Around 13.35 million MOVE tokens, worth $7.23 million, were sent from the project treasury to an address tagged by Arkham as possibly belonging to DWF Labs. According to on-chain analyst @ai_9684xtpa on X, the source address has previously interacted with wallets tied to Wintermute and Jump Crypto, leaving the receiving party’s exact identity uncertain. MOVE is currently trading at $0.5159, up 14.68% in the past 24 hours, according to CoinMarketCap.