Movement team deposits 50M MOVE from buyback to Binance

An address presumed to belong to the Movement (MOVE) team deposited 50 million MOVE, worth approximately $2.51 million, to Binance about six hours ago, according to a report from EmberCN. The tokens are part of a larger buyback initiative that saw the team withdraw 180 million MOVE from Binance in March and transfer the funds to a publicly disclosed on-chain address. MOVE is trading at $0.05065, down 2.95% over the past 24 hours, according to CoinMarketCap.