Blockchain Drama! Movement Network’s Layer 1 Leap & Shady Scandals Unveiled 🎭💥

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Ah, mes chers amis, lend me your ears! The Movement Network, that blockchain enfant terrible crafted with the elegant Move programming tongue, hath resolved to abandon its humble sidechain existence and ascend to the lofty throne of a Layer 1 blockchain! Aye, plain audacity! This grand ambition comes on the heels of scandal most foul, involving one of its co-founders tangled in a market making brouhaha worthy of Molière’s sharpest satire.

The noble architects at Movement Industries, puppeteers behind this digital spectacle, proclaim with pomp that their darling Movement shall soon don the garb of an L1 monarch. With promises of swifter performance, rock-solid stability, the delightful temptations of staking, and upgrades aplenty, they court expansion with the enthusiasm of a lover in midsummer’s folly.

ANNOUNCEMENT: MOVEMENT ASCENDS TO L1

Upon this exalted stage, Movement claims:

⚡ Swifter performance than a juggler’s hands
⚡ Stability more steadfast than a miser’s grip
⚡ Staking – the delicious art of making one’s coins work harder than a valet
⚡ And Move upgrades, as refreshing as a morning lemon water

Prepare thyselves for the unfolding drama 👇

– The Movement (@moveindustries), September 16, 2025

But hark! The troupe doth not rest! They plan a dazzling makeover, called Move 2.0, improving upon their debut performance of Move, a linguistic marvel born in the halls of Meta (once called Facebook), intended for the noble Diem, now gracing the stages of Aptos and Sui – two blockchain prodigies of our grand epoch.

Following the Footsteps of the Glorious Monza Upgrade

In the merry month of June, Movement unleashed the Monza upgrade – a performance so swift it would make even the most languid courtiers gasp. DEX volumes swelled, total value locked skyrocketed, and all metrics danced a frenzied gavotte. Thus inspired, Movement now seeks to claim the crown of L1, to reap yet greater bounty and fanfare.

Fear not, loyal users! No heroic feats of clicking or signing your name shall you be asked during this migration. Your riches, your contracts, your very digital souls remain untouched! Soon after, Validator applications shall open, staking gloriously beckoning post-mainnet.

The Curious Case of the MOVE Token and the Market Making Mischief

Yet what light through yonder scandal breaks? In May, the co-founder, one Rushi Manche by name, found himself booted from the stage amidst whispers of a $38 million market makin’ mischief surrounding the MOVE token, their prized possession. The token’s price did plummet like a lead balloon, a precipitous 22% tumble in mere hours – much to the audience’s delight and horror.

According to the tome of CoinMarketCap, the MOVE token flutters at about $0.125, boasting a market cap of $344 million – quite the sum for a play filled with such twists and turns!

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2025-09-17 14:30